Maybe hedge funds need to get into this business. Or maybe I should find a way to show hedge funds that my new risk assessment is better.
Though one of the challenges is getting new types of hard-to-fake data. If my risk assessment looks at a person's email account or does machine vision on their facebook photos, those things are easily forgable.
>Hedge funds did get in on it. That's why Goldman was sued for fraud.
Goldman wasn't sued because of what they offered as investments, they were sued because they misrepresented the net positions of at least one major player, allegedly deliberately.
Maybe hedge funds need to get into this business. Or maybe I should find a way to show hedge funds that my new risk assessment is better.
Though one of the challenges is getting new types of hard-to-fake data. If my risk assessment looks at a person's email account or does machine vision on their facebook photos, those things are easily forgable.