(Bloomberg) Richard Craib built his quant-driven hedge fund Numerai on the idea that if one data scientist is good, 40,000 are better. Now he’s inviting competing funds to draw from the same pool of brains for hire. San Francisco-based Numerai crowdsources its strategy from thousands of data scientists around the world who compete in a weekly tournament. Participants use Numerai’s encrypted data to develop predictions about financial markets. Numerai announced today it’s opening a marketplace that any hedge fund can use. The platform, called Erasure, operates with Numeraire, a digital token created by the company.

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