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Hedge fund powered by anonymous input attracts investors

San Francisco-based Numerai snags US$6m in new investments

San Francisco

A HEDGE fund powered by ideas from anonymous contributors is attracting some prominent investors.

The San Francisco-based hedge fund Numerai announced US$6 million in new investments on Monday from a group including Union Square Ventures, the New York-based venture capital firm led by Fred Wilson.

Union Square Ventures is joining Numerai's previous partners, which include Peter Diamandis, a founder of Singularity University, and Howard Morgan, a founder of the unusually successful hedge...

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