Re:Numerai – A hedge fund built by a global community of ano...
by pjlegato on Sunday October 16, 2016 @11:37PM
(#12722547)
They are betting that there exist people who are capable of performing that work who cannot work at a hedge fund, for whatever reason.
Perhaps they live in the wrong location -- it's hard/impossible to get a quant job if you don't live in a major market center. Not everyone is 23 years old and unattached and prepared to move around the world for a job.
Perhaps they can do the predictions but they didn't go to a high end university and have no track record -- just try even getting an interview at a hedge fund without one of those.
Perhaps they live in the wrong location -- it's hard/impossible to get a quant job if you don't live in a major market center. Not everyone is 23 years old and unattached and prepared to move around the world for a job.
Perhaps they can do the predictions but they didn't go to a high end university and have no track record -- just try even getting an interview at a hedge fund without one of those.