Nvidia's Supercomputing Effort Wins Fans, Spooks Rivals

NEW YORK -(Dow Jones)- Gerald Hanweck wants to sniff out the least risky sub- prime borrowers from acres of data. And he's using an enhanced desktop computer for the task, one that is considered laborious for a room full of big server computers.

The principal at Hanweck Associates LLC, a New York software and consulting firm specializing in quantitative finance, is creating a program for a fund client, which he declined to name, that aims to buy subprime loans on the cheap from distressed banks and mortgage-servicing firms, restructure them for borrowers and profit by collecting on them. Success hinges on the fund's ability to figure out individual borrowers' likelihood of default so it avoids as many doomed loans as possible.

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