Manage episode 298667518 series 1254329
Richard Craib is on the podcast this week to discuss how he and his company are building the last hedge fund—Numerai. Richard has found that virtually all hedge funds today are continuously duplicating research and strategies. This lack of originality leads to less than stellar performance, and makes it difficult for new funds with original ideas to emerge. Numerai is built to solve this problem, as it's the first hedge fund to source original stock market signals, built from any data set from anyone in the world with zero barriers.
Richard Craib is the Founder and CEO of Numerai, based in San Francisco. Craib graduated Cornell University with a BA in Mathematics in 2012 with a focus in abstract algebra. He has also taken classes at UC Berkeley, Stanford and the University of Cape Town. Before starting Numerai, Craib was a quant at an asset management firm with $15 billion in assets under management in Cape Town, South Africa, where he built a global equity long-only fund powered by machine learning.
Check out the full show notes at https://getleverage.com/podcast/88