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See the bold word (the hyphen appears at a line break so I have zero way to know if he intended a hyphen or not):

Given the salaries and bonuses that firms in this line of business pay, it is no surprise that many of our country’s best young mathematicians and physicists–graduates whose education has been paid for mostly by either government funds or university endowments–flock to them. Yet the activity of resolving micro-departures of securities prices within a nanosecond time frame adds little to the financial system’s ability to perform any of its economic functions.

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