The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index"

Nitzan, Jonathan and Bichler, Shimshon. (2014). April. pp. 1-6. (Review; English).

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Alexander Hoffmann is a physicist-turned-financier, a refugee from the particle accelerator complex in CERN who now runs a $10-billion algorithmic hedge fund from nearby Geneva. The fund is managed by VIXAL, Hoffmann’s machine learning algorithm, and is incredibly successful. The company’s statistics boast a consistently huge Alfa – a measure indicating by how much the fund beats the average and exceeds the normal rate of return – and the world’s biggest oligarchs and financial institutions are salivating at the mere thought of being allowed to invest in it. Managing their money has made Hoffmann very rich. In just a few years, he has seen his net worth rise from nothing to over a billion dollars. He has acquired a huge mansion, complete with a beautiful wife and a library full of antique books. There is no limit to what he is set to achieve. But things are not exactly what they seem to be.

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Jonathan Nitzan

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The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index". (deposited 07 Mar 2014) [Currently Displayed] The Capitalist Algorithm. Reflections on Robert Harris' "The Fear Index". (deposited 13 May 2014)



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EnglishReviewautomation artificial intelligence capitalization financial markets fear hype power07 Mar 201409 Apr 2016 01:20