Hi there guys!
Well I'm new here, and I'm looking for answer to my questions. Basically, is this a crowd-sourced hedge fund? All I see is a platform to create and submit algorithms to a backtesting contest. The contest is certainly worthy of my time, but as described somewhere on this site, the holly grail seems to have your algorithm chosen to run on a multi-million dollars account where you keep the profit. has any algo ever made it to this hedge-fund?
thank you!
Currently all of our capital allocations are proprietary. We have not announced those amounts. We expect to complete our fund formation in early 2016. Once we have the fund entity, we expect to start making allocations from it.
I think that's a longer way of saying "not yet."
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Thank you for the prompt response!
How can you run a profitable business if all the money generated from the algorithms you choose to run the hedge fund with end up in the pockets of the original authors?
They don't give all of the profits though,
If your algorithm is selected to the hedge fund, we will pay you a
share of the profits that your algorithm earns on investor capital.
Our target is to pay you 10% of the profit on your algorithm's
allocation. Allocations will range between $1 and $25 million per
algorithm. As an example, if your algorithm has a 12% annual return,
and your allocation is $20 million, you would be paid $240,000 per
year.
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.
In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.
