Some clarifications
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hi!
In the email announcing Q18 there's written :
"About the Q18 Contest
Quantiacs allocates 2M USD to this contest. The capital will be allocated to the seven quants whose strategies achieved the highest Sharpe ratio during the Live Contest Period which will run from October 1, 2022 to January 31, 2023.The quants will earn 10% of the profits generated by their systems for 1 year without any downside risk for them. The earnings for the previous contests can be viewed in the leaderboard. Take a look also at the interviews with the winners which we published in the forum."
Can you explain a little more the 1 year thing?
Let's say I win the first prize, let's say that it generates constantly every 3 months 5% return FOREVER linearly. Does it mean that I will get payed 10% of the returns minus trading expenses and so on for just 1 year, and then I receive no more royalties? Like, on 1 M USD, 4000$ per quarter ( let's say as above 10% on 5% minus trading expenses) for one year and then nothing?
So like 16000$ and then nothing?Thanks
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@magenta-grimer No, each time Quantiacs trades a system then the quant gets a payout. Quantiacs does not trade systems written by users without compensating the users. The "1 year thing" is a guaranteed allocation for the contest winners. Obviously nobody can commit to trade forever a system, that is why there a limitation in time.
If the system is still good after 1 year, then Quantiacs would offer the quant a payout scheme for the future, like 10% of net new profits for more than 1 year or a fixed management fee.
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@support ok, I understand.
So basically if I win the first prize and my strategy "only" generates linearly 1% per quarter, I have guaranteed payouts for one year ( four quarters).
But after one year you might say "Look, your returns even if positive are too low, we don't want to renew your strategy and so we won't run it anymore".
And so even if I won the contest and generated positive returns, after one year the fees you are rewarding me with are over.Okay..now I understand and it makes sense.
If It's possible and it's not something secret and under NDA, how many strategies of past Quantiacs competitions are you still running?
Let's say of Q3...after so many years, are there still strategies running ? Are the authors still collecting fees?
What's the average returns of these old strategies over the years? On average, how many years are strategies in the top 3 running?
Can you provide some statistics?
Thanks
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@magenta-grimer Hi, we cannot provide the list of strategies we are still trading and the payouts. However, all the statistics are public, the new ones (since Q15) and the old ones at:
https://legacy.quantiacs.com/Systems.aspx -
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