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The Download 18: Data Executive Candidate, 7 New Datasets, Long-Onlies Using Alternative Data

Providers Added to the Database

  • RxData.net – Data on pharmaceutical pricing, reimbursement, formulary placement and regulatory registrations.
  • MariData – Live database of global marine cargo trade activity between over 7,000 ports, including cargo details and trade indices for monitoring macro and micro performance.
  • ktMINE – Intellectual property data, including royalty rates, agreements, patents, assignments, trademarks, corporate trees, IP connections, IP news, and litigation information.
  • AreaMetrics – Geo-location data on 10mm active monthly users over 4.2mm bluetooth beacons.
  • KD Interactive – Transaction and mobile match key data in mid-market retail, including convenience stores, 3-star hotels, restaurants, and airport concessions.
  • LUX Fund and Technology Solutions – Data infrastructure provider. Raised $6 million from Credit Suisse. (Traders Magazine[free] login required)
  • See full public database of 286 data providers.

Updates

  • YipitData combined web traffic data from SimilarWeb with its web-scraped transaction dataset to analyze the competitive dynamics and unit economics of BKNG and EXPE, and the implications for TRIP and TRVG. (Sample Report)
  • Neudata, a data consultant, announces $600k in new funding. (prnewswire)
  • Eagle Alpha, a data aggregator, publishes 105-page report on alternative data use cases. (Eagle Alpha)
  • Caserta, a data consultant, hosts webinar with AlternativeData.org on Building an Alternative Data Analytics Platform. (Watch Now)
Candidates (NEW)
  • Seasoned technology executive is seeking the opportunity to build out alternative data technical infrastructure at a hedge fund. Contact jobs@alternativedata.org for more information.
New Jobs
Events
News & Insights
  • Long-only asset managers make (slow) progress in using alternative data. (Pensions & Investments)
    • The primary challenge is using a rapidly dissipating signal in a large fund with slow investment processes.
      • “Most … signals have an incredibly short half-life — more a matter of how much money can be put to work in four weeks than four years.” – Timothy Bruce, Director of Traditional Research, NEPC LLC.
      • “Asset management firms, if they’re successful, have a very large and profitable business, and they’re run in a certain way … and to make changes to that takes time.” – Richard Dell, Head of Equity Manager Research, Mercer.
    • A survey of data providers on AlternativeData.org found that 30% of providers have a higher share of long-only clients than they did in 2016. Only 10% of providers have a lower share. Full results to be published next week. 
  • Expert network utility will rise with emergence of increasingly novel alternative data sets.  “… when data is more ambiguous or less easily interpretable, it may give rise to demand for expert conversations around it.” – Max Cartellieri, Co-CEO of AlphaSights. (Integrity Researchsubscription required)
  • Bank of America Merrill Lynch hires Rajesh T. Krishnamachari as Head of Data Science for Equities. Krishnamachari was a senior quantitative strategist at JP Morgan and co-author of the 280-page report on AI and Machine Learning in Investment Strategy. (efinancialcareers)
  • Third Avenue invests $10mm in JBG Smith (Arlington, VA REIT), suggesting that the fund believes Arlington will be the location of Amazon HQ2 based on web traffic data. (ZeroHedge)
  • Schroders’ Data Insights Unit predicted a precise property divestment requirement from regulators a year in advance by analyzing the distance between all physical stores involved in a proposed merger. (Schroders)

 

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