In the complex world of finance, trust is paramount. However, history is riddled with moments where that trust was betrayed. Bernie Madoff’s scandalous Ponzi scheme serves as a haunting reminder of the depths to which trust can be breached. Clients, stakeholders, and the public at large were left shocked and hurt. In such cases, the infractions were not simple mistakes, but deliberate actions aimed at deceit.
Our industry’s historical backdrop is punctuated by such events – moments where investors were left feeling betrayed, having placed their trust, hopes, and financial futures in the hands of institutions that fell short. These scenarios point to a larger problem – a lack of transparency and accountability in how hedge funds and portfolio management companies operate. But at The Numbers, we believe in rewriting that narrative.
Inspired by innovations from the realm of cryptography and the blockchain, we are thrilled to introduce a groundbreaking initiative. We are now publicly sharing our financial transactions on Twitter under our company’s official handle. At face value, this might seem like an unconventional step. However, there’s more to it than meets the eye.
Each transaction is cryptographically hashed using a military-grade algorithm. The resultant hash, referred to as a “commitment,” is then published. When the trades are eventually closed, we provide a tweet detailing the original transaction, accompanied by a link for verification purposes. This ensures that anyone can retrospectively assess our transactions, using the original commitment, ensuring they were executed in good faith.
This practice of revealing information in a manner that preserves its verifiability has historical precedence. Galileo, upon discovering that Venus had phases just like the moon, shared his findings in journals of his time in a cryptic manner. This ensured that while the specifics were concealed, once revealed, they could be traced back to his original entries. By adopting a similar principle, we are allowing for real-time scrutiny, fostering a culture of trust. And because the transactions are cryptographically secured while the trades are in play, we prevent our competitors from copying our positions.
Why go to these lengths, you might wonder? We understand that in today’s fast-paced financial landscape, trust can’t merely be expressed; it needs to be demonstrated. This open-book approach not only helps our clients feel secure, but it also differentiates us in a competitive market, where standing out is as vital as delivering results.
In conclusion, The Numbers is not just a fund; it’s a symbol of a new era. We firmly believe that our industry should be held to the highest standards of trust and accountability. This initiative is a testament to that belief and a step towards restoring the faith that every stakeholder should naturally have in their financial partners. We invite you to join us in this journey, one transaction at a time.