- Advertisement -
- Advertisement -

Crowd-Sourced Hedge Fund Upends Conventions

- Advertisement -

Stockholm (HedgeNordic) – Quantiacs, a quant hedge fund incepted in 2014, has the novel distinction of being built with and by freelancers. By inviting quants to compete their trading programs in contests and offering winners investment funds of up to $1 million, the fund offers freelancers the tools, data and training to create innovative trading algorithms of their own, the opportunity to demonstrate their abilities, and bypass orthodox chains of command.

“Great quants can come from anywhere,” Martin Froehler, founder and CEO of Quantiacs, told Forbes magazine. “We are shifting the power of quantitative trading away from bankers and hedge funds, and towards hackers and scientists.”

The idea for the crowd-sourced hedge fund came from Mr Froehler’s disappointment in having to turn away too many a qualified quant for a quantitative trading research firm he was running in Switzerland. Recognizing the sheer waste of talent and opportunity, Mr Froehler decided to turn established procedures on their head and open the market to the talent itself. Besides offering training and tools for free, the prizes offered by Quantiac for the best algorithms are paid for with its own money, as more funding becomes available due to interest in this special project from outside investors.

Read the interview with Froehler here.

 

Picture: (c) Montri-Nipitvittaya—shutterstock.com

 

 

 

 

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Glenn Leaper, PhD
Glenn Leaper, PhD
Glenn W. Leaper, Associate Editor and Political Risk Analyst with Nordic Business Media AB, completed his Ph.D. in Politics and Critical Theory from Royal Holloway, University of London in 2015. He is involved with a number of initiatives, including political research, communications consulting (speechwriting), journalism and writing his post-doctoral book. Glenn has an international background spanning the UK, France, Austria, Spain, Belgium and his native Denmark. He holds an MA in English and a BA in International Relations.

Latest Articles

First Non-Swedish Family Office Investment for Protean Small Cap

Stockholm (HedgeNordic) – About one year after the successful launch of their long/short equity fund Protean Select, Pontus Dackmo and Carl Gustafsson introduced a...

Atlant Högräntefond Leads Peers on Third Anniversary

Stockholm (HedgeNordic) – Around mid-March 2021, Swedish hedge fund boutique Atlant Fonder launched a UCITS-structured fixed-income fund investing in Nordic corporate bonds, drawing from...

Rhenman Welcomes Brummer & Partners Sales Veteran

Stockholm (HedgeNordic) – After close to 18 years as an institutional sales professional at Brummer & Partners, Tom Josephson is set to join healthcare-focused...

Untapped Potential in Symmetry’s Small-Cap Portfolio

Stockholm (HedgeNordic) – Small-cap-focused hedge fund Symmetry Invest has achieved an annualized return of around 20 percent over the past five years and over...

Navigating Asia-Pacific’s Transition to Sustainable Growth

Stockholm (HedgeNordic) – Emerging markets in the Asia-Pacific region, such as China, India, Indonesia, the Philippines, Thailand and Vietnam, have experienced significant economic expansion...

The Performance of US Equities in Election Years Over the Last Century

By Daniel Ung, Kartik Chawla, and Jędrzej Miklaszewski – SPDR: The 2024 US presidential election is on the horizon, and investors are keen to...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -