The pockets of alpha are not giant lakes, they're pockets of inefficiencies. 

They fit small, dynamic managers that are incentivised to find and execute them. But the industry economics make it difficult for these small managers to exist. They have to deal with all these compliance issues and operational matters.

As money is pooling into increasingly larger pools through hedge funds and allocators, they can't easily handle small managers because they want to allocate a billion dollars and these managers can only take $10 million. So they'd have to find 100 of them. That doesn't work.

The alpha that exists comes from these small managers, but the money can't access it. That is essentially the problem that we are solving.

We're trying to introduce specialisation into the industry, which means you don't try to be a cottage industry and each fund has to do everything.

They can focus on their specialisation, particularly in trading and opportunity extraction, and outsource virtually everything else to a central platform. Clearly the best way to do that is digitally through connectivity.

It is time for change.