The Future of Quantitative Trading

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Do you see this ever leaving equities and going into other asset classes? We have some very good engineers and some of them have worked in places that trade futures and other currencies or things like that. I've actually been quite firm on sticking to equities until we get to capacity for equities. Do you think there would be any value in the traditional quant sense? You mentioned and I know much more about it now since my association with stability and the need for lots of data as opposed to small amounts of data.

Richard Craib is the Founder & CEO of Numerai, a new kind of hedge fund where data scientists around the world collaborate to predict equity returns using artificial intelligence. Richard joins the show to discuss Numerai’s origins, how it embraces the spirit of open source, why it has its own cryptocurrency and MUCH more! Important Links:

Show Notes:

The genesis of Numerai
How and why Numerai gives away its dataset
Getting users to put skin in the game
How Numerai scores users; becoming comfortable with the process
Size limits & leverage
Reactions to Numerai
Numerai’s cryptocurrency
How Numerai differs from Quantopian
Data, optimization & LLMs
“Monopolize intelligence, monopolize data, monopolize money, and decentralize the monopoly”
What could go wrong?
Numerai’s relationship with its data scientists
Could Numerai’s model work in any other industries?
What could go wrong?
“Life is long”
MORE!