> Your optimism is appreciated, but that's not how the fund world works. > Institutional investors need 2 years of track record from a quant fund > before they'll really take it seriously. A fund started with a few > million dollars, with a good track record, can get up to $50M or $100M in > its first year if all goes well. And like any other startup, an AI based > investment management firm has to reach a certain level of maturity before > it's possible for a co-founder to turn their equity stake into cash. Like > many things, these processes are fast on the cosmic time scale but not all > that fast in the scope of a person's everyday life !! > > -- ben
OTOH, with a few years good track record, one can grow a fund into a multibillion or even tens of billions of dollars fund. If you have $10B under management and get 20% carry on 20% profits, then that's $400M profit per year for the management company which is reasonably tidy by most standards. So there's definitely massive growth potential if the predictions are good enough, which our tests suggest they will be.... Fingers crossed... ------------------------------------------- AGI Archives: https://www.listbox.com/member/archive/303/=now RSS Feed: https://www.listbox.com/member/archive/rss/303/21088071-f452e424 Modify Your Subscription: https://www.listbox.com/member/?member_id=21088071&id_secret=21088071-58d57657 Powered by Listbox: http://www.listbox.com
