Richard Craib – Crowdsourcing Data Science for Returns at Numerai (Capital Allocators, EP.314)

Capital Allocators – Inside the Institutional Investment Industry

Ted Seides – Allocator and Asset Management Expert

Investing, Capitalallocation, Business

4.8 • 806 Ratings

🗓️ 11 May 2023

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s Sponsored Insight is from Richard Craib, the Founder and CEO of Numerai, a machine learning-based hedge fund launched in 2015 that crowdsources models from data scientists around the world to predict stock returns, incentivizes participation through cryptocurrency, and centralizes portfolio construction and risk management. Our conversation covers Richard’s background, some basics of data science, and the Numerai thesis. We discuss the firm’s idea generation, incentive system, quantitative modeling, portfolio construction, and team. We close with investors’ reaction to the product and research and development on the horizon.

For full show notes, visit the episode webpage here.

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Transcript

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0:00.0	The All opinions expressed by TED and podcast guests are solely their own opinions and do not reflect the opinion of capital
0:37.7	allocators or their firms. This podcast is for informational purposes only and should not be relied upon
0:42.5	as a basis for investment decisions. Clients of capital allocators or podcast guests may maintain
0:47.6	positions and securities discussed on this podcast. My guest on today's sponsored insight is Richard Crabe, the founder and CEO of Numeri,
0:58.2	a machine learning-based hedge fund launched in 2015 that crowdsources models from data scientists
1:04.7	around the world to predict stock returns, incentivizes participation through cryptocurrency,
1:10.6	and centralizes portfolio construction
1:12.6	and risk management. Our conversation covers Richard's background, some basics of data science,
1:18.5	and the Numeri thesis. We discussed the firm's idea generation, incentive system, quantitative
1:24.8	modeling, portfolio construction, and team. And we close with
1:29.3	investors' reaction to the product and research and development on the horizon.
1:34.8	I hope you enjoy the show. And if you do, this week, if you happen to be in a married or
1:40.1	committed relationship, and one night you turned to your partner and say, Hey, babe, what do you think?
1:46.2	And they turned back and say, sorry, hon, not tonight, I have a headache.
1:50.9	Why not turn a lemon into lemonade by responding,
1:54.0	I have a better idea.
1:55.9	Let's listen to the Capital Allocators Podcasts together.
1:59.6	You can snuggle up and share a night of stimulating intellectual bonding.
2:04.6	Thanks so much for spreading the word to your partner.
2:08.7	Please enjoy my conversation with Richard Crabe.
2:13.5	Richard, great to see you.
2:15.6	You too, Ted.
	...

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