Silicon Valley Continues to Influence Wall Street

The use of alternative data by the active investment community underscores the movement toward alternative data and computer analysis to improve returns and attract clients, according to a recent article in the Financial Times. The article cites the example of how a computer algorithm (developed by New York-based technology company Dataminr) predicted the recent Gilead Sciences-Kite Pharma takeover because it “had noticed unusual social media chatter and options activity and alerted its clients about a… Read More