A $100m Hedge Fund for the People – Interview Requests • Hacker News Board

A $100m Hedge Fund for the People – Interview Requests

#1

Post by drupeek » Mon, Feb 01, 2021, 6:24 PM UTC

After 3.5 years of research and engineering (YCW18), my team and I are about to launch a $100m hedge fund that gives away nearly all of its profits to people who contribute data towards improving its strategy.

If you are holding $GME or $AMC and have 15 minutes to speak with me, I am looking to interview anyone interested in expanding this movement from a "single stock" approach, to a full blown meta game. Let me know the best way to get in touch.

Re: A $100m Hedge Fund for the People – Interview Requests

#2

Post by shubik22 » Mon, Feb 01, 2021, 6:46 PM UTC

Curious, who's investing the $100M?

By profits, I assume you mean the fund's management fees, not capital gains on its investments, right?

Re: A $100m Hedge Fund for the People – Interview Requests

#3

Post by lalwanivikas » Mon, Feb 01, 2021, 9:10 PM UTC

I am not holding it rn but I am making an account to buy few. I am curious to learn more about you and what you are trying to do.

Re: A $100m Hedge Fund for the People – Interview Requests

#4

Post by giantg2 » Mon, Feb 01, 2021, 9:34 PM UTC

This sounds like a terrible idea - starting a hedge fund based on the greater fool theory...

Re: A $100m Hedge Fund for the People – Interview Requests

#5

Post by giantg2 » Mon, Feb 01, 2021, 9:36 PM UTC

shubik22 wrote: post #2

Curious, who's investing the $100M? By profits, I assume you mean the fund's management fees, not capital gains on its investments, right?

Yeah, I'm also curious about the benefits. What is the benefit if there are low fee ETF/fund options out there?

Re: A $100m Hedge Fund for the People – Interview Requests

#6

Post by forgotmysn » Mon, Feb 01, 2021, 10:25 PM UTC

curious to hear OP's thoughts on Numerai? I'm a fan of their model, and am curious how OP's is different

Re: A $100m Hedge Fund for the People – Interview Requests

#7

Post by strimp099 » Mon, Feb 01, 2021, 11:13 PM UTC

Also curious. Quantopian tried this, arguably with a profit motive, but did release some of the best Python engineering I’ve ever seen (Zipline). Definitions are important here: the “hedge” in hedge fund generally means returns uncorrelated with the broader market. OP could mean anything in this context.

Re: A $100m Hedge Fund for the People – Interview Requests

#8

Post by wh-uws » Mon, Feb 01, 2021, 11:13 PM UTC

I'm holding and curious.

contact info in bio

Re: A $100m Hedge Fund for the People – Interview Requests

#9

Post by marketgod » Tue, Feb 02, 2021, 4:25 AM UTC

$100MM on memes? I wouldn't give you my strategy but my returns are easily 100% per and higher. It's not meme stocks, but my data came up for GME a few days ago at $57 and then again today to buy shares. I don't like the signal at all but have to follow the system so it can learn or teach me.

[contact] https://discord.gg/n3dqVk4

Re: A $100m Hedge Fund for the People – Interview Requests

#10

Post by mattbrewsbytes » Tue, Feb 02, 2021, 12:31 PM UTC

Will the fund be using the same tactics other hedge funds use to manipulate prices like short ladders?

If you discover a struggling company will you be a catalyst for its demise by shorting the stock?

If the fund is for the people, will it be 100% transparent in its actions? Like sharing its holdings/positions more than regulations require.

Edit to add 3rd question.