News for hackers. Stuff that matters.

A comment on Numerai, a hedge fund built by a community of anonymous data scientists. Parent comment

Re:Numerai, a hedge fund built by a community of anonymous d... by shostack on Tuesday June 21, 2016 @07:10PM (#11950217)
Can you clarify on the "pay tiny prices and shut the competitions once they have found what they were looking for" comment? Has this happened before? Is there anything here that makes it seem like this wouldn't be the case here?
[ Parent | on HN ]
Re:Numerai, a hedge fund built by a community of anonymous d... by ikeboy on Tuesday June 21, 2016 @09:20PM (#11950939)
They only require you to give them predictions, not a model. So you can reuse the same model over and over if it works, and they won't be able to cut you out, if that's what you're asking.
[ Parent | on HN ]
Re:Numerai, a hedge fund built by a community of anonymous d... by shostack on Tuesday June 21, 2016 @09:46PM (#11951027)
That was part of what I was asking. The other part was around whether there have been instances of firms cutting people out like you described.
[ Parent | on HN ]