We'll see how Q responds, if at all. It seems they're in radio silence mode regarding the Q fund, except to say that they are still working on it. Personally, I've yet to grasp the concept of a crowd-sourced fund, with broad user participation (e.g. some significant fraction of the 60,000 registered Q users getting paid), and the idea of having more traditional "managers" who would have skin the game, aligning their interests to those of investors, and working as virtual employees (signing legal docs declaring some allegiance to Q, no doubt). The whole concept is further complicated by the idea that those managers could keep their code and strategies completely secret, only offering up black-box trading signal generators. And it all needs to scale to $10B for Q to make a business out of it. There are some missing details here to understand the plausibility of the whole enterprise (at least for me).

At the moment there best bet would be to identify users with exceptional algorithms and introduce them to current hedgefunds and take a fee. A recruitment firm isnt as sexy though.

Have they said anything about how much capital they have commited to the Q fund? Most of the top hedgefunds imploy the same philosophy of 'uncorrelated positive return streams' and have generated returns relatively successfully. I dont see why anyone would take a gamble on Q unless cheaper fees.

Even at 1% mgt fee on $10b, Fawce is doing quite well for himself.

You would think that if your algo is chosen that you in return would receive some type of rental fee for that algorithm regardless if it was making money. Of course, they have the right to fire you at anytime. Its a lot easier to maintain your algorithm and improve it with a steady check coming every week and a incentive fee every quarter.

My completely uninformed theory is that at this point, they have $25M committed by one or more angel-like investors, to be deployed over the next year or so to select managers and that details will start to flow at the upcoming QuantCon conference in early April, but who knows.