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.
Orbital Insight announced its $15M Series B funding round led by Alphabet Inc.’s GV (formerly Google Ventures) with CME Ventures, Sequoia Capital, Lux Capital, and Bloomberg Beta participating. The agreement and investment from In-Q-Tel (IQT) brought the total to $20M.
As programmers and computers are substituting traditional portfolio managers, investment professionals need to ask themselves the following question: "Does your career have a vision for big data?"
Michael Beal, Data Capital Management CEO, discussed how his hedge fund uses big data, machine learning and artificial intelligence to trade the market - video below.
Most investment managers don’t have the architecture to consume data like Point72. Therefore, alternative data vendors need to provide good UX to access data. There is still a lot of work to be done in terms of interpretation and analysis when alternative data becomes widespread.
Braxton Mckee, CEO of Ufora - a data consulting and technology company - explained what signs indicate that a hedge fund is taking Big Data seriously.
