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.

The (new) dawn of stat arb

Business Insider

Manoj Narang’s MANA Partners is launching a new hedge fund January 3 with $1 billion AUM. The fund will take advantage of the convergence of previously disparate strategies and data sources to compete in an increasingly crowded space. In particular, Narang believes we are at “the dawn of a new era” with stat arb, thanks to the explosion in the amount of data available for quantitative strategies and the rise of cloud computing. Read More

Scraping data: The next frontier in battle for investment returns

Financial Times

The rise of alternative data is, unsurprisingly, fraught with new challenges. Compliance remains a concern and so does making sense of highly unstructured datasets. Nevertheless, alternative data shows us the closest real-time map of consumer behavior we’ve ever seen. Robin Wigglesworth reports. Read More

Big data sellers fail to hide personal information, say funds

Financial Times

Wigglesworth has been busy. His second piece in the FT posits that alternative data providers may not be doing the work necessary to truly scrub PII from their datasets. Even when the data appears anonymized at first glance, some hedge funds claim that their analysts are easily able to deduce personal information with some light sleuthing. This one is a warning for all of us. Read More

When Donald Trump hate-tweeted Lockheed Martin, hedge funds were ready

Fortune

While sentiment analysis was built by examining millions upon millions of nuggets of unstructured data using complex algorithms and powerful computing, it now seems that its most reliable use stems from looking at the digital trail of just one person: Donald Trump. Lockheed Martin is the latest stock to experience severe movement based on the President-elect’s comments alone. The trick? Getting inside his head. Read More

7PARK DATA releases report on grocery delivery services

Marketwired

Whet your appetite. Alternative data provider 7PARK DATA released a new report that analyzes trends related to online and mobile food and grocery delivery. Based on anonymous mobile app usage of tens of millions of consumers worldwide, the report examines the growing influence of food delivery services on the $536 billion retail restaurant industry. Read More

India’s botched war on cash

HBR

Is this an opportunity to better understand India’s economy? Prime Minister Modi’s surprise November demonetization plan, which saw the removal of Rs 500 and Rs 1,000 notes from circulation, threw the country into chaos. One of the outcomes has been to push citizens into digitizing their transactions. The data exhaust from these digitization efforts may offer sharper insights into an economy that, until now, was close to 90% cash-reliant. Read More

Four companies getting exhaust data right

Quandl

In this post from the Quandl blog, we profile four companies who have successfully created revenue from their exhaust data by selling to retailers, advertisers and the buy side. Yipit, Placemeter, Yodlee and Telefónica made the cut. Read More

7,500 faceless coders paid in bitcoin built a hedge fund’s brain

Wired

Crowdsourced hedge fund Numerai pays anonymous coders in bitcoin, gives away all its data after it’s encrypted and won’t reveal how much its fund has made, except that it’s made something. Enough that the founder of the acclaimed Renaissance Technologies has invested in the company. Is this disruptive? Or so secretive as to be suspicious? Read More

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