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by jdavis703 1793 days ago
My guess is they also have plans to move in on other sorts of fraud detection, for example bond issues or privately held firms. That’s my good faith interpretation.

My bad faith interpretation is they don’t trust their algos enough to trade on it themselves.

2 comments

I guess I'm not even saying it's bad/good faith. I just literally wonder - why not do the obvious thing? A number of years ago I ran into several people trying to sell services predicting stock movements via twitter sentiment. Same thing - if it works just make billions fast using it to take positions. It's not trivially easy to start a hedge fund, but it's not rocket science either. The key ingredient is finding a way to make good returns. These twitter people seemed to have good intent.. it was just strange.
See response above. And not just fraud detection. We plan to expand to other areas including credit/bankruptcy, ESG and tracking macro changes and trends
Right, and you can make money in most cases (and still publish). Buy credit default swaps for example.

I don't know if there is an opportunity related to ESG.