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Using Google Search Trends to Predict Initial Jobless Claims

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For several years now, my focus has been on using alternative data of many kinds to predict macroeconomic statistics. When ran the Futures Group for the PDT Group at Morgan Stanley in the 1990’s...
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How Hedge Funds Are Profiting From Your Data

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The Full Extent of How Your Personal Data is Being (Mis)used You are going to the supermarket for groceries; on your shopping list, you have fruits, chocolate, and paper towels. While this is a simple...
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Quandl 2020 Alternative Data Conference

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Alternative data conferences connect actors in the buy-side ecosystem to explore novel use cases as the demand for alternative data is increasingly intense.  Only the largest and most sophisticated players with distinctly unique roles...
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The Best Way to Use Stock Market Correlations

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When Alfred Winslow Jones pioneered the world's first "hedged" fund (the "d" was dropped later) he blew other investors away by borrowing funds to short 20% of the stocks trading at the time. He...
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Artificial Intelligence as a Tool for Investing

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Have you considered diversifying your investment portfolio? Of course you have. Have you considered diversifying the tools you use for investing? Maybe not. This is exactly what financial management firms are beginning to do. Industry-wide changes are happening...
Hedging

Are You Ready for the Periodic Inflection Point? Part 2

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We discuss about the irreversible factors in global cycles and their drivers. We then discuss the risk aversion cycle and hedging, and how Bitcoin is becoming the Alpha of hedging assets. In Part 1, we...
Stocks

A Stock Trading Below Net Cash Balance: Cross-Harbour Holdings (0032: HK)

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Foreword: Small-cap ($300M — $2B USD market cap) stocks provide immense opportunity to outperform the general index because bigger managers move to large-cap stocks where more capital can be put to work. This leaves many...
alternative data

Alternative Data is the Key to Investor Success

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Today’s hedge fund managers and analysts are increasingly shifting their gaze toward alternative data as a linchpin asset to drive investment decisions. In fact, seventy-eight percent of hedge funds are currently using or are...
alternative data

Alternative Data – A Beginner’s Guide

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Alternative data is gaining popularity among hedge fund managers and financial institutions these days. Despite the fact that it opens up new layers of challenges and complexities in the asset selection process, alternative data...
investment

Interview with Sida Zhu

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Here is an interview with a professional investment analyst. As a bit of background information, in the interest of preserving anonymity, he is in Equity Research at a Chinese mutual fund with <10 Billion...
Finance Data API

6 Alternatives to the Yahoo Finance API

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Yahoo Finance API is over -- long live New Finance APIs! The Yahoo Finance API has long been a reliable tool for many of the data-driven investors. Many have relied on their real-time data-flow and have...
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The Challenge of Forex Trading for Machine Learning

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Machine learning is a branch of artificial intelligence that has grabbed a lot of headlines previously. People are fascinated by the concept of machines seemingly ‘thinking’, and learning how to carry out tasks more...
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A Quick Guide to Investment Algorithms

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Let's picture the stock market 30 years ago: Let's picture it now: Like many other areas now, the investment market has changed immensely with the help of technology. There is a new overlord- investment algorithms, which...
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Portfolio Diversification: How to Potentially Gain Better Returns per Unit of Risk

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This research article analyzes the impact of portfolio diversification when applied to a portfolio of stocks and bonds. In particular, it shows that by spreading the investment on uncorrelated asset classes an investor may...
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Web Scraping and Hedge Funds’ Alternative Data Strategy

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Data that was once hiding in plain sight can hide no more. With sophisticated software, new data continues to be extracted – or ‘scraped’ – from a growing variety of online sources. Coupled with...
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The Gem in the North: North Korea’s Untapped Mineral and Industrial Potential

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When North Korea appears in mainstream media headlines, one of the last descriptors you’d expect to see is “tremendous opportunity.” And yet, now that the U.S. and North Korea have concluded an apparently successful summit...
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Your Mobile Phone as a Gold Mine (for hedge funds)

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The alarm sounds. Time to wake up. Still bleary-eyed, you reach for your phone to check your messages. You turn the phone on. Before you know it, the tracking begins… But this tracking is not some...
Satellite Imagery

Looking to the Skies for Alpha

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We recently discussed how companies such as Quandl are leading this alternative data revolution. Now, quantitative hedge funds are only too willing to spend substantial amounts of time, money and effort obtaining such data,...
Data Revolution

Quandl and the Alternative Data Revolution

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Alpha, as a measure of active management skills in the fund’s world, gauge the manager’s ability to beat the market. Skills aside, it is also largely related to information sources that the manager uses,...