The AltDataNewsletter by CloudQuant

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.

$8.8 billion ExodusPoint’s head of data strategy is out, but the hedge fund’s 15-person data team has no plans to slow down

ExodusPoint lost its head of data strategy, Chris Petrescu, last week, sources told Business Insider.

Petrescu was in charge of finding alternative datasets for the hedge fund’s portfolio managers to use, and he was a frequent panelist at data conferences.

Exodus, Michael Gelband’s $8.8 billion hedge fund, still has a 15-person data team, a person close to the firm told Business Insider.

2019-10-18 00:00:00 Read the full story…
Weighted Interest Score: 6.0806, Raw Interest Score: 2.5473,
Positive Sentiment: 0.0728, Negative Sentiment 0.0728

CloudQuant Thoughts… ExodusPoint have “lost” regular panelist (Bezinga, Battle of the Quants amongst others) Chris Petrescu, formerly the Data Strategist at WorldQuant. The article goes on to suggest whilst ExodusPoint have underperformed, Data Strategists are still in demand commanding upwards of $2m per year! Impressive.

Synthetic Data Market Gets Real

A growing list of data privacy regulations along with demand for better training data is spawning new AI-based approaches to managing “personally identifiable” information, including “synthetic” data sets that remove personal information covered by current and pending privacy rules.

Diveplane, an AI startup based on Raleigh, NC, said its synthetic data platform dubbed Geminai generates a twin data set that “acts and feels realistic” for the purp…
2019-10-14 00:00:00 Read the full story…
Weighted Interest Score: 4.7242, Raw Interest Score: 1.8084,
Positive Sentiment: 0.0952, Negative Sentiment 0.3173

CloudQuant Thoughts… Already covered this in our Monday ML/AI blog post so apologies for reapeating ourselves. The growing number of countries and states enacting privacy regulations/legislation will make the provision of some Alternative Data a lot more complicated to manage. Diveplane’s “Twin Dataset” idea is a neat approach to the problem. I am sure there will be more to come. After all, most Data Scientists are looking at where the market as a whole is moving, they are generally not interested in individuals.

Hedge fund capital flows mixed in Q3

Total hedge fund capital was narrowly changed for Q3 2019, falling from the prior quarter record with flows mixed across strategies as investors navigated heightened fixed income risk and volatility, as well as fluid political developments across the U.S., Europe, the UK and Asia.

Total hedge fund capital declined modestly to USD3.24 trillion, a slight reduction from the prior quarter record of USD3.245 trillion, a decline of USD5.5 billion, or …
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 6.5437, Raw Interest Score: 3.1766,
Positive Sentiment: 0.1724, Negative Sentiment 0.2462

CloudQuant Thoughts… This WSJ article suggests the outflow is much larger than this article indicates… “Cautious investors pulled $60 billion out of stock funds in the third quarter, ratcheting up pressure on money managers. The net outflows accounted for the most money leaving stock funds in a quarter since 2009.”

Institutional investor demand for real assets continues to grow despite macro and political concerns

The findings, based on the responses of 500 insurance and pension fund investment decision-makers, found that 51 per cent of insurance and 37 per cent of pension fund executives expect their investments in real assets to increase. With uncertainty over global growth and the likelihood of interest rates remaining lower for longer, institutional investors continue to look at private assets for diversification and potential illiquidity premium over public markets. Both insurers (44 per cent) and pension funds (38 per cent) said escalating trade wars were a concern to their real asset investments over the next 12 months, whilst the continued lack of clarity over the future relationship between the UK and the European Union was also a concern.

The findings also emphasised the increasing importance investors place on environmental, social and governance (ESG) issues and the desire to demonstrate that real assets have a broader benefit than financial returns. Nine in 10 respondents said they consider ESG to be important in investment decision making, and of these, 40 per cent of insurers and 42 per cent of pension funds consider a ‘favourable ESG impact’ of Real Assets to be integral. Insurers are also more likely (50 per cent) than pension funds (41 per cent) to consider the ‘transparency of asset managers’ ESG investment approach’ when looking at external investment providers.

2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 4.4935, Raw Interest Score: 1.9275,
Positive Sentiment: 0.1775, Negative Sentiment 0.4311

CloudQuant Thoughts… Environmental, Social and Governance (ESG) is the hot Alternative Data source at the moment. CloudQuant have sanity checked a number of Alternative Data sets and are currently promoting an ESG Data set that you may want to take a look at. Jump to our Data Catalog to see more info.

Planixs introduces new Artificial Intelligence technology into its real time liquidity products

Planixs, the leading provider of real time, intraday cash, collateral and liquidity management solutions, today announced the introduction of artificial intelligence (AI) technology into its existing product suite.

Planixs’ product suite, Realiti, is built on Graphite – its award-winning technology platform that is one of the most scalable and performant technology platforms in the industry. Cloud native Graphite, which already contains built in machine learning and data science, will now include advanced AI technology to take its cash, collateral and liquidity management products to the next level. Partnering with a leading AI firm from Silicon Valley and working with key strategic customers, Planixs is introducing AI to deliver optimum business outcomes across Treasury, Risk and Operations.

2019-10-21 00:00:00 Read the full story…
Weighted Interest Score: 4.7526, Raw Interest Score: 2.4961,
Positive Sentiment: 0.1950, Negative Sentiment 0.0780

What is Multiple Linear Regression Analysis?

Click to learn more about author Kartik Patel.

Multiple Linear Regression is a statistical technique that is designed to explore the relationship between two or more variables (X and Y). It is useful in identifying important factors (X) that will impact a dependent variable (Y) and the nature of the relationship between each of the factors and the dependent variable.

Linear regression is limited to predicting numeric output so the dependent var…
2019-10-23 07:30:12+00:00 Read the full story…
Weighted Interest Score: 4.0355, Raw Interest Score: 1.9993,
Positive Sentiment: 0.1851, Negative Sentiment 0.1481

Fixed Income Factor Investing Growing Significantly: Invesco

(Photo: Shutterstock)

There’s been a large increase in factor investing overall in the past year, as well as — significantly — the number of investors in North America who think it can be extended to fixed income, according to the fourth annual Invesco Global Factor Investing Study 2019-U.S. and Canada.

Invesco’s study found that respondents have continued to boost their factor allocations overall, both in the number of factors they target and …
2019-10-21 00:00:00 Read the full story…
Weighted Interest Score: 3.9854, Raw Interest Score: 2.0393,
Positive Sentiment: 0.1020, Negative Sentiment 0.1602

ICE Benchmark Administration Publishes Third Update Regarding the U.S. Dollar ICE Bank Yield Index

ICE Benchmark Administration Publishes Third Update Regarding the U.S. Dollar ICE Bank Yield Index

LONDON –(BUSINESS WIRE)– Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Benchmark Administration Limited (IBA) has published its third update regarding the U.S. Dollar ICE Bank Yield Index.

The U.S. Dollar ICE Bank Yield I…
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 3.8993, Raw Interest Score: 1.7280,
Positive Sentiment: 0.1423, Negative Sentiment 0.0203

What has triggered the explosion of payments for order flow? Not Fidelity

The Robinhood effect popped up again, as Schwab slashed its stock commissions to zero and forced TD America, E-trade, Interactive Brokers, Ally Invest, and Fidelity to follow suit over the next few days. Schwab called this the zero commission brokerage war, on CNN.

This war is just the beginning of a broader trend that will be

the demise of any product-driven business in financial markets.

If we have to deal with tough market conditions soon, …
2019-10-22 00:00:00 Read the full story…
Weighted Interest Score: 3.7277, Raw Interest Score: 1.6940,
Positive Sentiment: 0.1802, Negative Sentiment 0.1802

FogHorn Introduces Drag-and-Drop Analytic Authoring with Latest Lightning Edge AI Platform Release

According to a new press release, “FogHorn, a leading developer of edge computing software for commercial and industrial Internet of Things (IoT) solutions, today announced the availability of new Lightning™ Edge AI platform features, including tools and enhancements to empower operations technology (OT) professionals. The new drag-and-drop analytic programming capabilities and rich visualization dashboards enable OT staff to derive insights more…
2019-10-23 07:15:47+00:00 Read the full story…
Weighted Interest Score: 3.6347, Raw Interest Score: 2.0018,
Positive Sentiment: 0.3185, Negative Sentiment 0.2730

Top 5 Data Science Master’s Programmes In Germany

Data science domain over the years has invaded most industries across the globe. The rise of data science and related technologies is so significant that universities across the world have started offering Master’s programmes in Data Science. Germany is one such nation that has become really popular for the MS courses it provides for the data science enthusiasts. Even on knowledge sharing platforms like Quora…
2019-10-23 10:00:44+05:30 Read the full story…
Weighted Interest Score: 3.4997, Raw Interest Score: 1.7952,
Positive Sentiment: 0.2488, Negative Sentiment 0.0178

How Data Science Will Evolve Over the Next Decade?

Okay, let’s first admit that we’re all living in the century of data now. Machine learning and data analysis technologies have already become an integral part of our present-day life. So, what would be next?

In this post, I am not going to state what kind of future data science will encounter, whether it will be bright, auspicious or unpromising and whatever else. Here I will just take into account experience both my personal and the folks I hav…
2019-10-22 15:20:14.476000+00:00 Read the full story…
Weighted Interest Score: 3.4618, Raw Interest Score: 1.8119,
Positive Sentiment: 0.1849, Negative Sentiment 0.1775

Digital Freight: The Race to Automate Truck Brokerage

In the race to digitize the truck brokerage market, will the winner be an incumbent or a challenger?

The upside is enormous. Trucking is a $734 billion market. Truckload and less-than-truckload revenue constitute close to $400 billion. If 20% of that market is outsourced, then truck brokerage spending totals $80 billion. This large, fragmented market is the reason why many call truck brokerage “the next frontier of automation.”

The incumbents a…
2019-10-15 00:00:00 Read the full story…
Weighted Interest Score: 3.4318, Raw Interest Score: 1.6098,
Positive Sentiment: 0.3184, Negative Sentiment 0.1061

‘Do Or Die’ For Banking Industry

McKinsey’s Global Banking & Securities practice has today released its annual flagship report, the global banking annual review, this year titled: The last pit stop? Time for bold late-cycle moves.

McKinsey suggests the banking industry is approaching the end of the current economic cycle in less-than-ideal health. Nearly 60 percent of banks are not generating the cost of capital/trading below book. Growth in volumes and topline revenues is slow…
2019-10-22 12:13:08+00:00 Read the full story…
Weighted Interest Score: 3.2359, Raw Interest Score: 1.6449,
Positive Sentiment: 0.3870, Negative Sentiment 0.6289

Refinitiv enhances its wealth portal solutions via addition of widget capabilities

The new digital tools deliver a customizable suite of widget capabilities designed to support the experiences of wealth management firms on Refinitiv’s portal.

Provider of financial markets data and infrastructure Refinitiv has underlined its commitment to the wealth management industry via the addition of next-generation digital tools for wealth portals. The new digital tools deliver a customizable suite of widget capabilities designed to suppo…
2019-10-22 18:57:11+03:00 Read the full story…
Weighted Interest Score: 3.2336, Raw Interest Score: 2.1718,
Positive Sentiment: 0.0965, Negative Sentiment 0.0000

10 Most In-Demand Tech Skills (and Jobs) at Google

A job at Google is something many technologists dream of. It’s a steep climb, though; there’s a ton of competition, and Google can have its pick of the talent pool. But there are key details in its jobs data that might just help you land your dream job at on of its campuses worldwide.

We dug through data from Burning Glass’ NOVA jobs database, isolating Google from every other company on the planet (really; Burning Glass is extensive, and tracks…
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 3.1790, Raw Interest Score: 2.5260,
Positive Sentiment: 0.1384, Negative Sentiment 0.0346

Egil Matsen: US Senate Democrats’ Special Committee on the climate crisis

Chairman Schatz, I thank you for inviting Norges Bank, together with other NGFS-member central banks, to the U.S. Senate Democrats’ Special Committee on the Climate Crisis. I appreciate the opportunity to discuss climate crisis related economic and financial risks and relevant central bank strategies to address those risks.

Norges Bank’s mission is to promote economic stability by conducting monetary policy and monitoring the financial system. O…
2019-10-23 17:52:56+10:00 Read the full story…
Weighted Interest Score: 3.0544, Raw Interest Score: 1.6647,
Positive Sentiment: 0.2259, Negative Sentiment 0.1784

Voice Of The Attendee: Data And Analytics Strategy, AI/ML, CX, And Growth

It’s T-minus two weeks to Forrester’s second Data Strategy & Insights Forum, in Austin, Texas. Over 300 data and analytics leaders will gather to share, learn, and get inspired! For those of you who have already registered and plan to attend, you answered one key question during the registration process: What is your top priority in the next 12 months? As a data and analytics professional, you might have thought to yourself, “I wonder what they a…
2019-10-22 09:17:20-04:00 Read the full story…
Weighted Interest Score: 2.9259, Raw Interest Score: 1.4538,
Positive Sentiment: 0.2700, Negative Sentiment 0.0415

Asset Control launches PaSSPort

Asset Control, a provider of financial data management solutions, has launched PaSSPort, a managed data service solution for financial services firms.

PaSSPort is based on Asset Control’s AC PaSS solution. PaSSPort is targeted at businesses that need managed services and are looking for a simpler, lower-cost data repository with one or more maintained interfaces to data vendors, an industry standard model, management of request lists to o…
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 2.8866, Raw Interest Score: 1.7869,
Positive Sentiment: 0.1375, Negative Sentiment 0.0687

Why Cloud Data Lakes Need Cloud-Native Data Integration

Click to learn more about author Sanjay Vyas.

More organizations are moving their data lakes to the cloud with the promise of improved performance, optimized analytics, and reduced costs. The path to seamless data integration, however, is not always a straight one. Before your organization moves its data lake to the cloud, you need to fully understand the challenges involved in moving and managing massive volumes of structured and unstructured d…
2019-10-21 07:35:48+00:00 Read the full story…
Weighted Interest Score: 2.8652, Raw Interest Score: 1.7222,
Positive Sentiment: 0.2035, Negative Sentiment 0.1879

UBS Wealth Exec Moves to Deutsche Bank

(Photo: ShutterStock)

Deutsche Bank Wealth Management has hired an executive from UBS Global Wealth Management to lead Global Products and Solutions for the Americas.

Samuel Descovich, who used to be in charge of Capital Market Solutions for the Americas at UBS, now will focus on alternative investments, capital markets, trust and custody services, and related areas. He will be based in New York.

He also will support Wealth Advisory, a fee-bas…
2019-10-21 00:00:00 Read the full story…
Weighted Interest Score: 2.8382, Raw Interest Score: 1.8116,
Positive Sentiment: 0.0604, Negative Sentiment 0.0000

Data science beyond the classroom

Editor’s note: This is the 10th episode of the Towards Data Science podcast’s “Climbing the Data Science Ladder” series, hosted by Jeremie Harris, Edouard Harris and Russell Pollari. Together, they run a data science mentorship startup called SharpestMinds. You can listen to the podcast below:

A few years ago, there really wasn’t much of a difference between data science in theory and in practice: a jupyter notebook and a couple of imports were all you really ne…
2019-10-22 15:24:28.908000+00:00 Read the full story…
Weighted Interest Score: 2.8037, Raw Interest Score: 1.4798,
Positive Sentiment: 0.1558, Negative Sentiment 0.0779

Data Orchestration Brings Your Data Closer and Makes Access Faster

Data orchestration means trying to bring order and speed to a complex Big Data ecosystem, a conglomeration of storage systems like Amazon S3, Apache HDFS, or OpenStack Swift and computation frameworks and applications such as Apache Spark and Hadoop MapReduce. The data stack is fragmented and performance-challenged by a proliferation of data silos.

The technology aims to break through the “walled gardens” that today inhibit the ability for appli…
2019-10-22 07:35:57+00:00 Read the full story…
Weighted Interest Score: 2.7778, Raw Interest Score: 1.5136,
Positive Sentiment: 0.0832, Negative Sentiment 0.0998

Amazon earnings preview: One-day shipping and AWS slowdown could squeeze results Inc. is scheduled to report third-quarter earnings after the closing bell on Thursday, and Bank of America Merrill Lynch says one-day shipping and a slowdown in the cloud services business could weigh on profit.

Analysts led by Justin Post say third-quarter Amazon Web Services growth decelerated, and costs to ramp up one-day shipping could increase.

“Increasing regulatory scrutiny, as well as AWS growth and margin concerns, have limi…
2019-10-21 00:00:00 Read the full story…
Weighted Interest Score: 2.7241, Raw Interest Score: 1.3717,
Positive Sentiment: 0.2705, Negative Sentiment 0.1932

European chip stocks dragged lower after Texas Instruments’ weak outlook

European stock markets struggled on Wednesday, with the tech sector weighing on them after a downbeat outlook from Texas Instruments hit the chip industry’s recovery hopes.

The Stoxx Europe 600 index SXXP, -0.16% slipped 0.2% to 394.04, after closing up 0.09% to 394.59 on Tuesday. On Monday, the index closed at the highest level since May 22, 2018.

The German DAX DAX, +0.01% was flat at 12761 and the French CAC 40 PX1, -0.41% fell 0.4% to 5634….
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 2.5945, Raw Interest Score: 1.5394,
Positive Sentiment: 0.2566, Negative Sentiment 0.2566

Databricks raises $400 million at a $6.2 billion valuation

tei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker. They’re the cofounders of Databricks, a San Francisco-based company that provides a suite of enterprise-focused scalable data science and data engineering tools. Since 2013, the year Databricks opened for business, it’s had no trouble attracting customers. But this week kicked into high gear the company’s uninterrupted march toward market domination.

Databricks this morning announced that it’s closed a $400 million series F fundraising round led by Andreessen Horowitz with participation from Microsoft, Alkeon Capital Management, BlackRock, Coat…
2019-10-22 00:00:00 Read the full story…
Weighted Interest Score: 2.5674, Raw Interest Score: 1.6106,
Positive Sentiment: 0.1169, Negative Sentiment 0.0909

12 Simple Rules to Start Investing in Stocks

How to invest and not lose a shirt doing it? The thing is people who never invested money are afraid to do so. It may look too hard to start. Too complicated. Intimidating. It sounds almost like a casino where you could gamble out your hard-earned money in a very short time. You put money on red, 12, and seconds after that is swooped away in one smooth motion. Next bet, please!

Let me tell you that it doesn’t have to be like that. By following s…
2019-10-17 00:00:00 Read the full story…
Weighted Interest Score: 2.5298, Raw Interest Score: 1.3336,
Positive Sentiment: 0.2052, Negative Sentiment 0.1282

Dow futures fall 100 points as Caterpillar, Boeing results disappoint with Microsoft on deck

U.S. stock-index futures added to modest declines Wednesday morning after a weaker-than-expected report from two Dow components and a poor update from a semiconductor company cast a cloud over the sector, with a fresh wave of corporate results ahead.

Wall Street is also watching developments pegged to Brexit, as a vote for a fast-track exit for Britain from the EU was rejected by parliament on Tuesday, but the delay eases concerns about the U.K….
2019-10-23 00:00:00 Read the full story…
Weighted Interest Score: 2.4322, Raw Interest Score: 1.3778,
Positive Sentiment: 0.1265, Negative Sentiment 0.3796

Buzzy AI startup Databricks just got another $400 million, valuing it at $6.2 billion — and the CEO says that an IPO isn’t imminent, the money is just because of ‘crazy demand’

en Horowitz. The San Francisco-based company is now valued at $6.2 billion.

Databricks also announced that Dave Conte has been named chief financial officer. Conte had been CFO at Splunk and led the data analytics firm public in 2012.

Databricks co-founder and CEO Ali Ghodsi said an IPO is “not imminent” but, “it’s not hard to imagine that this is something that’s going to happen down the line,” as he noted that Conte, their new CFO, “has a lot of experience with the public market.”

Click here for more BI Prime stories.

Databricks, the buzzy AI analytics platform backed by leading VCs like Andreessen Ho…
2019-10-22 00:00:00 Read the full story…
Weighted Interest Score: 2.4244, Raw Interest Score: 1.1395,
Positive Sentiment: 0.2150, Negative Sentiment 0.1290

Data Science In Action: Unpacking Aditya Birla Group’s AI & Digital Analytics Strategy

This is the second article of the two-part series of conversations with Aditya Birla’s Group Data and Analytics cell (GDNA) — the analytics and AI arm of India’s mightiest multinational company which has strong roots in cement, aluminium and copper, carbon black and other industries like fashion and textiles, chemicals, telecom and financial services. In our previous article, we looked at how 2017 was an inflection point for the multi-billion dol…
2019-10-22 14:33:43+05:30 Read the full story…
Weighted Interest Score: 2.4196, Raw Interest Score: 1.2821,
Positive Sentiment: 0.4114, Negative Sentiment 0.1028

Here’s how AI is helping secure water for your future

Last year, Cape Town, South Africa, came within days of running out of water. This summer, Chennai, India, ran dry, with residents standing in line for hours for government water supplies.

Global demand for water is rapidly growing – but it is becoming increasingly scarce. Almost a third of the world’s population is estimated to be living in water-scarce areas, according to the World Data Lab.

With an increase in shortages driven by climate cha…
2019-10-22 00:00:00 Read the full story…
Weighted Interest Score: 2.2807, Raw Interest Score: 1.2046,
Positive Sentiment: 0.1246, Negative Sentiment 0.3946

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