You are here

Hedge funds gun for quality data

They are just beginning to grasp the art of spotting clear trading opportunities in a world awash in misleading data.

Big data is getting messier with more vendors hawking suspect information that has not been adequately corroborated. The way forward is to employ more data scientists who are trained to sift trading signals that would otherwise get buried in the noise.

IT was big data's big moment.

The most unfathomable US presidential race in memory gave Predata, a startup firm backed by hedge fund manager Kyle Bass, a chance to cut through the vitriol and coolly calculate the winner by monitoring chat data. Turns out that Predata, which anointed...