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Alternative Data. 18, May 2018

Finding sources and uses for alternative data can be difficult. At CloudQuant we regularly read and search the internet for new sources of data that can be used in our mission to find alpha signals and build quantitative trading strategies. We recognize that we are technology and data junkies so we wrote our own crawler that specifically seeks out web pages, posts, and news articles that give us a snapshot of what is going on in the world of Alt Data. The following is a collection of articles that we think you will find interesting from the past week.


The Download 21: How Tiger Cubs are using Alt. Data, 4 New Datasets, 2 Jobs

Viking and Coatue are using alternative data to inform fundamental strategy, while Maverick is tapping the data to implement a systematic strategy on its smaller positions. ( Novus)

According to a State Street survey, only 60% of institutional investors feel they have the right talent in place for investment data strategy. Five years ago, that figure was 91%. ( Asset Servicing Times)

Lyft claims to have 35% of ridesharing market share acc…
2018-05-18 14:38:03+00:00 Read the full story.

The Download 20: Goldman Gears Up to Sell Alt. Data Product, Alt. Data Spend Accelerates, 4 New Datasets

Market for geo-location data grows with increasingly inventive use cases, but technical challenges remain.

Market for geo-location data expected to grow to $250mm by 2020, according to new report from Opimas, a capital markets consultancy. ( marketsmedia, Full Report)

Schroders data science unit used geo-location data to assess a pizza-chain expansion plan based on casual dining competition and foot traffic. ( Pensions & Investments)
2018-05-16 15:37:32+00:00 Read the full story.

FT: Buy-side Alternative Data Spend to Exceed $1bn by 2020

The Financial Times published an article yesterday titled “Asset managers double spending on new data on hunt for edge” featuring AlternativeData.org’s first analysis on buy-side industry spend on alternative data. Our findings show a significant acceleration in spending over the last two years (~60% y/y) that is estimated to reach over $1bn by 2020.

Key takeaways:

Buy-side spend on alternative datasets has doubled since 2016, and is expected to hit $1bn by 2020.

The FT cited increasing pressure from low-cost index funds as a primary driver for asset managers turning to alternative data in the search fo…
2018-05-10 20:41:36+00:00 Read the full story.

The Download 19: Hedge Funds Compete With Tech for Data Talent, 9 New Datasets, 2 New Jobs

2018-05-09 13:38:13+00:00 Read the full story.

SEC Names Reese Chief Risk Officer

The Office of Compliance Inspections and Examinations at the Securities and Exchange Commission is getting a new chieftain.

James Reese has been named the permanent Chief Risk and Strategy Officer of the agency’s Office of Compliance Inspections and Examinations (OCIE). Reese has served as Acting Chief since February 2017.

The Chief Risk and Strategy Officer leads the Office of Risk and Strategy (ORS), which was established in 2016 to consolida…
2018-05-18 10:58:51-04:00 Read the full story.

 

 


This news clip post is produced algorithmically based upon CloudQuant’s list of sites and focus items we find interesting. If you would like to add your blog or website to our search crawler, please email customer_success@cloudquant.com. We welcome all contributors.

This news clip and any CloudQuant comment is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action. This information is provided with the understanding that CloudQuant is not acting in a fiduciary or advisory capacity under any contract with you, or any applicable law or regulation. You are responsible to make your own independent decision with respect to any course of action based on the content of this post.