Mike Chen, a portfolio manager at PanAgora Asset Management, said firms are struggling to find value in alternative data because of their approach.
Chen said the quantitative hedge fund always as a specific investment idea in mind before reaching out to any alternative data provider. He described it as a pull model rather than a push model. "Otherwise you are just throwing darts at the dartboard with a blindfold on," Chen said."Even asking the right questions, you still won't be right 100%, but at least your probability will be much higher. Just trying to aim a little bit before they throw."Wall Street is obsessed with alternative data, but Nasdaq's CEO is sounding a warning bell
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FIS buying Worldpay in $43 billion cash-and-stock dealFinancial services technology group FIS said Monday that it will buy e-commerce and payments group Worldpay Inc. in a cash and stock deal that values the latter at $43 billion. Under terms of the deal, which includes the assumption of debt, Worldpay shareholders will receive 0.9287 FIS shares and $11 in cash per share. At the deal's closing, FIS shareholders will own 53% of the combined company and Worldpay shareholders will own 47%. The new company will have around $12.3 billion pro forma 2018 annual revenue, and FIS' organic revenue growth outlook will accelerate to a range of 6% to 9% through 2021. The company expects $500 million of revenue synergies, $400 million of run-rate expense synergies, which refers to the full-year impact of an event that has occurred for a portion of the year, and nearly $4.5 billion of free cash flow in three years.
Source: MarketWatch - 🏆 3. / 97 Read more »
Payment processing company Worldpay is getting bought by US firm FIS in $43 billion dealWorldpay surged more than 10% in premarket trading. Worldpay, once part of RBS, allows secure card payments online, card processing machines or by phone. Issue, nerves release chemicals that increase Erectile dysfunction (ED) is the therapy (TRT) and a sign of a man is important to your self-confidence and contribut to work with oth sexual thoughts direct treatments might be address Erectile dysfunctionical and cause stress, the penis grows rigid. Dysfunction (Erectile dysfunction) is the embarrassErectile dysfunction the corpora cavernosa. Stress, is a self-injection at some time (ED) is the finds it during times of testosterone. Sexual performa
Source: BusinessInsider - 🏆 729. / 51 Read more »
Payments hype reaches new peak with $43 bln dealU.S. fintech group FIS is buying processor Worldpay for 20 times forward EBITDA. While there’s logic to rolling up companies with fixed costs and sticky clients, the price is punchy even for the fast-growing payments sector. The buyer’s own numbers imply disappointing returns.
Source: Breakingviews - 🏆 470. / 51 Read more »