Asset managers are challenged to grow and analyze the ever-increasing number of datasets.
I've seen what appears to be an inflection in the last few weeks and months, so I'm not sure the question is apt. I think the biggest reason asset managers haven't taken advantage of alternative data has simply been the underperformance of the industry overall in the past 12-18 months.
Matthew Granade, Point72’s Chief Market Intelligence Officer, was interviewed by Business Insider on how his firm uses alternative data and approaches quantamental investing.
Quants and quantamental firms have been leveraging alternative data for years. Why haven’t more firms with fundamental strategies started alternative data pods / teams?
Consumer transaction data can be highly informative and, in certain cases, predictive. Bank of America Merrill Lynch uses its debit and credit card data to analyze the US economy and retail sales, in particular.
There has been an increasing momentum on the topic of alternative data. The Economist, Fast Company, HFM Week (attached) and Wall Street Journal have all recently published articles with an industry overview. Below are interesting datasets that were mentioned.
On the 29th of July, we published a research note on Fitbit highlighting the company’s success both in activity tracker and running watch categories. Two new products were launched in Q1 of 2016, the Blaze and the Alta, and gained significant market shares in Q2.
Quants and quantamental firms have been leveraging alternative data for years. Why haven’t more firms with fundamental strategies started alternative data pods / teams?
Lululemon has been on the strong run since the lows of November last year with the stock rallying 70% and the market expectations were elevated ahead of their Q2 2016 numbers.
We arranged this interview with Mark Townsend in order to understand the current recruitment trends within the asset management industry.
Joseph Hooley, chairman and CEO of State Street Corporation, in a recent article for Institutional Investor gave three examples of how investors can use alternative data sources to identify new opportunities as well as potential risk exposure:
On the 12th of August, we published a research note on HPQ highlighting changes across four product categories and the company confirmed our findings when it reported its earnings on the 25th of August:
