Interesting idea. Not that crowd driven investment algorithms are new, but I have not seen a machine learning one before.
What really ennoys me about this kind of businesses is that they pay tiny prices and shut the competitions once they have found what they were looking for, however Numerai might be completely different in that regard and I wish them the best!
Btw: The article kind of conveys the feeling as if machine learning is something new to the hedge fund business and that's absolutely not the case. There are already smart people working on really complex algorithms since a couple of years now.
What really ennoys me about this kind of businesses is that they pay tiny prices and shut the competitions once they have found what they were looking for, however Numerai might be completely different in that regard and I wish them the best!
Btw: The article kind of conveys the feeling as if machine learning is something new to the hedge fund business and that's absolutely not the case. There are already smart people working on really complex algorithms since a couple of years now.