In response to the steep alternative data learning curve for fundamental equity investors, YipitData and other contributors have launched a new informational website, Alternative Data Insider (alternativedata.org).
The new website features articles on various alternative data topics, including introductory information, a review of a recent alternative data study from HFM Global, and organizational advice (originally published on Integrity Research watch) with plans to write about data performance evaluation, data case studies, and compliance considerations. The website also includes a jobs board which includes alternative data positions being advertised by Balyasny Asset Management, Blackrock, Point72 (which has 8 jobs posted) and UBS Evidence Lab.
“Alternative Data Insider isn’t about YipitData,” said Pablo Cerrilla, Director of Partnerships at YipitData. “Our objective is to provide a better educational experience to highlight the applications, opportunities, and pain-points of alternative data.” The website includes information about YipitData competitors, and contributions are open to all participants in the alternative data space.
YipitData has contributed much of the initial content, but also is drawing on individuals, analysts, ex-investors, and engineers in its network. The website is open to other contributors offering similar content.
The initiative is an outgrowth of a monthly information service YipitData was producing, ‘Quantimental Digest’, which has now been subsumed into the new website. “There is such a large alternative data knowledge gap that a fresh approach is needed,” said Cerrilla. “Anything that narrows the gap helps all participants, not just us.”
The new website lists –-with links — other firms that produce research reports derived from alt data besides YipitData, including 7Park Data, 1010data, Earnest Research and M Science. Also included are data brokers such as Aviso, EagleAlpha, Neudata, System2, and Quandl.
Dublin-based Eagle Alpha launched educational services for alternative data, but charges fees up to $35,000 for the services. YipitData’s decision to go a more ecumenical route reflects the depth of the educational challenge. All alternative data firms are in missionary mode once they try to broaden usage beyond quant funds, and now Alternative Data Insider is one more way to spread the gospel.