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Some curiosities about the Q hedge fund

Out if curiosity, I'd like to ask Quantopian's point of view regarding the following:

Considering the openness of Q platform (sharing of algorithms) how you deal with the possibility of having too similar (too correlated) algorithms to choose from? Is this something you worry about?

Why did choose the contest entries to trade only 100.000$? Shouldn't the hedge fund need algorithms that trade more money? If so, why can't I see any rule in the contest that seems favouring algorithms easily "leverageable"?