This global asset manager is a leader in the field of integrating alternative data into active investing.
According to the study conducted by McKinsey Global Institute, the US is going to face a shortage of around 190,000 data scientists and 1.5 million managers and analysts who can work with big data by 2018.
Asset managers are always looking for new sources of alpha. The data revolution is impacting many different industries and it is finally here to change the investment industry as well.
Data is all around us, and is growing in volume every day. The amount of data created every 2 days is as much as was created from the beginning of time until 2003. If we were to put 1 year’s worth of data on DVDs, the stack would go from Earth to the moon and back.
The rapid uptake of alternative data research by both fundamental and quantitative institutional investors is shifting the investment landscape and creating innovative sources of alpha generation.
In October 2014, Gene Ekster delivered a talk to the NY Open Statistical Programming Group explaining how unstructured and alternative data could be used to generate returns.
