The lure of alternative data sets is largely the potential for an information advantage over the market with regard to investment decisions. With the volume of data available to investment managers increasing at such a rapid rate, selecting the most useful and relevant alternative data sets is a huge challenge that can easily slow down their investment process. The unstructured data gathered from various sources has a reduced impact, and it diminishes the information advantage derived from the data. There is a need to reduce the hassle associated with discovering and comparing basic features of datasets such as affordability, history, universe applicability, and many other factors. Alternative data will likely transform active investment management over the next five years, from hedge fund management to long-only mutual funds, and even private equity managers. Those firms that do not update their investment processes within that time frame could face strategic risks, and might very well be outmaneuvered by competitors that effectively incorporate alternative data into their securities valuation and trading signal processes.

Neudata, the global alternative data evaluation company, provides fund managers and quant strategists with alternative data intelligence and research from over fifteen hundred sources. Neudata’s expertise lies in scouting and evaluating alternative datasets and assisting investment managers in selecting relevant sources for backtesting and research. Neudata was founded in 2016 in London by Rado Lipuś, a 20-year veteran of the investment management industry with extensive experience in sales, fintech, and data innovation. Neudata has created a dataset selection tool, an innovative comparison tool to help clients navigate the rapidly growing universe of datasets in the most efficient way. The Neudata selection tool is custom-fit and free to use for all Neudata clients. Neudata clients will be able to compare sets of data across a range of metrics, helping them determine which is most relevant to their investment strategy. Neudata’s clients are always the first to know about new data launches and use-cases. “Our alternative data intelligence platform is half-human research dependent, and the other half is technology-dependent,” says Lipuś.

Unlike data brokers, Neudata does not sell data. Instead, Neudata aligns interests with clients by finding sources that are the most promising for alpha generation. Neudata is uniquely equipped to provide metadata and up-to-date objective research through an ever-expanding network of data vendor relationships.