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Is this an AI pitch? You know hedge funds use algorithms right?
by JSDevOps 2y ago
Is this an AI pitch? You know hedge funds use algorithms right?
- laalshaitaan 2y agolol not ai! yeah i do. so basically i'm building: https://exponential.markets/ https://exponential.markets/ and currently looking to understand if repositioning our brand for investors to invest in hedge funds will be more converting rather than invest in algorithms
- JSDevOps 2y agoIs this a it like eToro copy trade?
- laalshaitaan 2y agoyep, its similar! however, here you do not copy trade a person, here you trade as per the algorithm designed by the quant algorithm developer.
- JSDevOps 2y ago> quant algorithm developer. How do you verify that?
- laalshaitaan 2y agowe show the investors the algo's backtest performance with years of data & 3 months of paper testing it on live! they bet on the algorithm & not the developer as such! but they can see the dev's other algos and their AUM, returns, sharpe ratio etc to see how they're performing
- JSDevOps 2y ago3 months is totally the wrong approach.
- laalshaitaan 2y agoahh, what'd you suggest? Because the standard alphas that are submitted to other funds, they usually backtest it with years of data. And then let it paper trade for 3-6 months to make a decision on how much to bet upon. would love to get your insights, since you've experience w hedge funds as well as algos
- JSDevOps 2y agoNo way anyone is investing any serious money or money at all on 3 months worth of back testing. Look at the market for the last 3 months. How can you take that seriously? You could have thrown a stone anywhere in the last 3 months and made gains of 1000% it’s not realistic is it?