AI and #Bitcoin Are Driving the Next Big Hedge Fund Wave https://goo.gl/fb/KJUUNM #technology #business #enterprise
The hedge fund world is on the verge of a new, Silicon Valley inspired revolution, the Third Wave. #AI #Crowdsourcing #DigitalCurrencies
The 1970s saw the rise of discretionary funds, where iconic investors like George Soros used their very human judgments to find new opportunities in the market. Then came the “quants” at funds like Renaissance Technologies, who found even greater opportunities through statistics and computer algorithms. Now, hedge funds are moving beyond the quants.
Numerai, a San Francisco hedge fund that makes trades using #machinelearning models built by thousands of anonymous data scientists paid in bitcoin. Funds such as Quantopian and Quantiacs are tapping the wisdom of the masses in other ways. And then there’s Polychain, a fund that invests exclusively in bitcoin and other digital “tokens” housed on a blockchain, the distributed online ledger that makes cryptocurrencies possible. As its name suggests, Polychain isn’t just investing in digital coins—it’s investing in a radically new breed of businesses owned, funded, and operated entirely by decentralized networks of anonymous online investors.
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