High guys. I just would like to know if there is any article or video of the community where someone explains if there is any correlation between the limitations Numeraire market cap could have due to the limitations Numarai Could have as a Fund. In the Youtube Channel, (this video, minute 1:23:00 Numerai Fireside Chat with Richard Craib (founder and CEO of Numerai) and Anson Chu (CTO) | 2020 Q4 - YouTube ) richard explains two things. First they are mostly 5x Leveraged and second, that they only trade on monday. If they increase the AUM to 1B they would need to trade every day of the week to be able manage the market impact of each trade, and that would be the AUM Limit for now. As I understand, those facts limitate the marketcap of NMR to 5B ( 5x leverage of 1B) for now… If they progress regards the volume and market impact limitations (that Im pretty sure they will, just as renaissance Technologies did) then they could increase those limits accordingly.
Im pretty sure Im making some wrong or imprecise assumptions on this statement, and thats why I am here asking for help. But I dont see how it would be possible to have no correlation at all between the Numarai AUM vs Numaraire Market Cap… I mean, I dont think is possible that NMR reaches, for example, a Market Cap of 50 billions if the AUM of numaraire are yet under 1B… that would be impossible right? Thank you very much, Im new in the community but also excited about it. Peace!