Proving your track record
How valuable would it be to prove your track record without sharing your strategy's proprietary information?
I think this would be game-changing. Scouting for investment talent would be like major league baseball scouts scouting for the next big hitter or fastball pitcher. The top talent can be demanding huge payouts to join a team. You can go into interviews, and the interviewees won't have the same leverage and power over you as they currently do. You can raise capital, spin out your fund, become an emerging manager, and assemble talented investment teams. If you're a student with no experience, few network connections, or from a non-target school, you can still go out and prove your investment skills.
But the only provable method out there now requires some third-party audit service to review all your trades, and this requires initial capital, which most of us don't have access to. This could be even bigger if anyone can prove their alpha/edge on a paper book simulation, where you simulate trade fills, but your conviction in assets can be proven. If you are a discretionary trader, you must also prove your research/skills since you make fewer trades than a quantitative trader, but ignore this for a second. If we can do this with paper books, you can find talent anywhere in the world!
Assuming this is possible, do you agree with it's potential or still see barriers?