Overview

• Numerai says the commitment would more than double its roughly $450 million in assets under management, expanding its deployable capital.
• Numeraire (NMR) surged about 40% after the announcement, with reported trading volumes sharply higher.
• The fund delivered a 25% net return in 2024 following a 17% loss in 2023, a track record founder Richard Craib says helped unlock larger allocations.
• Numerai aggregates crowdsourced prediction models that contributors stake with NMR into a master strategy that trades equities.
• Recent steps include hiring talent from Meta and Voleon and repurchasing $1 million of NMR to align incentives with its contributor community.