AI and Bitcoin Are Driving the Next Big Hedge Fund Wave
Jeffrey Tarrant is a Wall Street guy. He spent the last thirty years investing in new hedge funds. As the founder and CEO of a firm called Protege Partners, he compares himself to Sam Altman, the president of Y Combinator. What Altman does for Silicon Valley tech startups, Tarrant does for hedge funds. “I help seed them and incubate them,” he says.
The analogy has never been more true than right now. Tarrant is beginning to explore hedge funds built on ideas that have sparked so many companies and created so much wealth in Silicon Valley—ideas that span artificial intelligence, crowdsourcing, and digital currencies. He believes the hedge fund world is on the verge of a new revolution, a revolution he calls the Third Wave.
