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Hedge Fund Driven by Anonymous Ideas Gets New Investments

By Tony Seruga

Numerai received $6 million in new investments from a group including Union Square Ventures, headed by Fred Wilson. CreditLucas Jackson/Reuters

SAN FRANCISCO — A hedge fund powered by ideas from anonymous contributors is attracting some prominent investors.

The San Francisco-based hedge fund Numerai is to announce on Monday $6 million in new investments 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 fund firm Renaissance Technologies…

Hedge Fund Driven by Anonymous Ideas Gets New Investments

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