At Numerai, real-world figures need not apply

AI hedge fund CEO sees the light in black-box technology


In the sci-fi dystopia Westworld, programmer Elsie, battling for survival, is conflicted about trusting her close colleague Bernard after she discovers he’s an android – and programmed to harm her. But once she fixes him herself, she resolves to stick by him, gamely declaring: “I always trusted code more than people anyway.”

Elsie’s philosophy could be a mantra for Numerai, the San Francisco-based hedge fund founded in 2015 by Richard Craib. While countless other asset managers are wary of

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