Now here is an improbable idea:an activist hedge fund.Out of Tampere, Finland, comes the Robin Hood Asset Management Coop, which legally speaking, is an investment cooperative. It is designed to skim the cream off of frothy investments in the stock market to help support commoners. As the website for the coop describe it:
We use financial technologies to democratize finance, expand financial inclusion and generate new economic space.Robin Hood’s proposition is no different than it was 600 years ago in Sherwood: arbitrage the routes of wealth and distribute the loot as shared resources. Today we just use different methods to achieve the same:we analyze big data, write algorithms, deploy web-based technologies and engineer financial instruments to create and distribute surplus profits for all. Why? Simply, we believe a more equitable world is a better one.