Quants and quantamental firms have been leveraging alternative data for years. Why haven’t more firms with fundamental strategies started alternative data pods / teams?
Quants and quantamental firms have been leveraging alternative data for years. Why haven’t more firms with fundamental strategies started alternative data pods / teams?
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:
Michael Beal, the CEO of Data Capital Management (DCM), delivered a presentation on the future of investing in the data economy - video below. He discussed the approach used by DCM and outlined the major players within the data economy.
The Boston Consulting Group (BCG) published the attached report in order to investigate the state of the global asset management industry. The first chapter is devoted to a summary of financial performance and a discussion of competitive trends.
Fundamental data can often be a lag or at best coincident indicator of an asset value, but when combined with alternative data such as investor positioning/sentiment we can build a much clearer outlook for future price direction.
Gene Ekster, CFA is Eagle Alpha’s advisory panel member who works with asset management firms and data providers in a consulting capacity to help integrate alternative data into the investment process.
Matt Granade stated that alternative data is useful for generating new alpha. He said: "It is a real change from how investing used to work."
Investors started noticing gaps and inconsistencies in the official figures since the Central Committee for Disciplinary Inspection (CCDI) started investigating the National Bureau of Statistics 8 months ago. The uncertainty about the official figures has created demand for “proxy” indicators.
Citadel's new hire and former Microsoft COO, Kevin Turner, will be in charge of the company's securities business, a market-maker that often processes more than a billion equity shares per day.
