Learnings from a Head of L/S Equities

What role should alternative data play in your investment process?

I recently spoke to a very successful PM (10 years at Citadel, Head of L/S Equities at a well-known fund), and we had a fascinating and very important conversation around the role alternative data plays in the investment process.

As you may know, investing in public equities has undergone permanent transformation over the past decade with the rise of alt data: intra-quarter trades, increased volatility, quarterly earnings pre-traded weeks in advance, daily outsized market reactions.

In today’s post I will share the key learnings from that conversation.