Alternative Data Weekly Newsletter Archives

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A curated digest of must-read news from around the internet about alternative data. Join the buy-side professionals already reading the Alternative Data Weekly.

October 2018

Big Banks’ approach to alternative data

Waters Technology

The bulge bracket is keen on adopting alternative data and many major banks are building in-house capabilities. However, as this in-depth report finds, it is the small, nimble players who are right now seeing the most traction. Read More

Jamie Dimon bets big on fintech

CNBC

JP Morgan chief Jamie Dimon has announced the bank will build a new fintech campus in Palo Alto. While details are thin, it will give Wall Street’s biggest bank a footprint in Silicon Valley. Read More

Robot ETF leaves human pros in dust

Bloomberg

An AI-powered ETF has outperformed 87% of active managers, but whether it has discovered a winning method or is just lucky remains a question. That said, the possibility of true nirvana looms. Read More

Demand for data scientists causing headaches for recruiters

eFinancialCareers

It’s a good time for data scientists, but the same cannot be said of financial-sector recruiters. Wall Street isn’t only competing for talent against tech giants like Facebook and Google, but also burgeoning startups whose business models are completely informed by data. The result is expensive. Read More

UK finance watchdog to grill pollsters over hedge fund clients

Euronews

The Treasury Select Committee is concerned about polling firms selling data to hedge funds. During the Brexit campaign, for instance, pollsters did surveys for broadcasters while simultaneously selling data to funds, helping them bet against Sterling ahead of the vote to exit the EU. Read More

Social sentiment from alternative data can make a losing strategy profitable

CloudQuant

A simple check of social sentiment before going long provided an insurance policy for CloudQuant’s underlying strategy and turned a loss into a $170,000 gain. Read More

How AI Is shaking up banking and Wall Street

Fortune

A handy summary of the major AI use cases being applied in banking and finance today. From alternative data, to mortgage lending, to roboadvisers and quantamental analysis, progress is being made. Read More

Chile central bank using alt data in rate-setting decisions

Bloomberg

Chile’s central bank is using non-traditional sources of labor-market data to support its case for higher interest rates. Policymakers cited “complementary sources of information on the labor market — including administrative records” when they raised a key rate last week. Read More

Announcing the third annual Quandl Data Conference

Quandl

We are pleased to announce the 2019 Quandl Data Conference, to be held February 28, 2019, in New York City. Join us as we share the latest and greatest thinking around the adoption and infrastructure of data-driven investing. Read More

Is alt data facing an ethical day of reckoning?

Waters Technology (subscription)

The alt-data industry is seen to be worth over $350 million by 2020, but some are wondering whether the financial services sector is on the brink of its own Cambridge Analytica moment, or if it’s time for an alt data ethics evaluation. Read More

The big problem with machine learning algorithms

Bloomberg

Machine learning is enabling investors to tap into huge datasets such as social media postings in ways that no mere human could. Yet, despite the enormous potential, its success record remains mixed. Read More

Capital markets spending on alt data seen to double over five-year period

Aite Group

Aite Group expects capital markets spending on alternative data to increase to US$901 million by 2021, more than doubling the US$446 million in 2017. Read More

Fidelity to launch crypto trading platform for institutional clients

The Street

Fidelity Digital Assets will offer custody and trade execution services for cryptocurrencies to institutional investors such as hedge funds, family offices, and market intermediaries. The services will be limited to bitcoin and ether. Read More

Planet Analytics: A new solution for analyzing satellite imagery

Geospatial World

Planet announced the beta release of Planet Analytics, which leverages machine learning to transform global, daily satellite imagery into information feeds that detect and classify objects, identify geographic features, and monitor change over time. Read More

Crux Informatics closes $20 million Series B financing round

Crux Informatics

Data engineering and information supply chain operator Crux Informatics has closed $20 million in a Series B funding round. The round includes recent investor Two Sigma, as well as follow-on investments from Goldman Sachs and Citi. Read More

A bizarre thing happens when A.I. tells people their fortunes

Washington Post (subscription)

When Alexander Reben began feeding thousands of inspirational expressions he scraped off the internet into an algorithm he designed, the results took the artist and MIT-trained roboticist by surprise. Read More

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