Hello! Investment firms in recent years have turned to so-called alternative data firms, which turn obscure data sets into tradable information, to try and get an edge on the competition. A cottage industry of tech firms has sprung up, processing information on everything from the weather to web searches and selling it to hedge funds and others. Now, some are saying there might be a bubble in the industry. Take Thasos Group.
Hello! Investment firms in recent years have turned to so-called alternative data firms, which turn obscure data sets into tradable information, to try and get an edge on the competition. A cottage industry of tech firms has sprung up, processing information on everything from the weather to web searches and selling it to hedge funds and others. Now, some are saying there might be a bubble in the industry. Take Thasos Group.
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Source: Variety - 🏆 108. / 63 Read more »