Too Long; Didn't Read
Last week, Boston company <a href="https://www.quantopian.com" target="_blank">Quantopian</a> released its first <a href="https://www.quantopian.com/press/first-multi-million-dollar-allocations" target="_blank">Multi-million dollar capital allocations to algorithms</a> crowdsourced from the Quantopian community in amounts ranging from $100K to $3M. The algorithms were submitted by an open community of authors from all over the world. Capital allocations from the <a href="https://www.quantopian.com/allocation" target="_blank">Q fund</a> were made to authors in eight countries, including Australia, Canada, China, Colombia, India, Spain, and the United States, and are now trading live, with <a href="https://www.bloomberg.com/news/videos/2017-04-06/point72-s-steve-cohen-invests-250m-in-quantopian-video" target="_blank">third-party capital that Quantopian manages</a>. Quite amazing!