Business Insider: The quiet rock stars of hedge funds are data junkies, and they're in such high demand that they're navigating 30 back-to-back meetings in 48 hours
Wed June 26, 2019
- At BattleFin's two-day conference in New York last week, 150 alternative-data companies jockeyed for the attention of data buyers from hedge funds like Credit Suisse's QT Fund, ExodusPoint, Millennium, and Third Point.
- As hedge funds seek out new ways to beat the market, they're increasingly looking to alternative-data providers that offer obscure insight into companies not found in filings and earnings calls.
- The once under-the-radar role of data buyer has become more important than ever because they control the purse strings for a $7 billion industry.