by CDO Review Staff | May 31, 2019 | Asset Management and Trading
AI is going to transform the role played by buy-side analysts. AI makes searches easier. Patterns can be detected earlier. Such tools inform decision-making which is still the analysts’ ultimate duty. Juan-Carlos Rhodes writes about the brave new world facing buy-side...
by CDO Review Staff | May 31, 2019 | Data Privacy & Security
Unlike fine wine, most data do not age well. This is even more stark in the case of financial services companies because old data does not just lose its strategic and business value, it also becomes a liability. Because of a reluctance to throw anything in face of...
by CDO Review Staff | May 31, 2019 | Asset Management and Trading
Back in January 2017, alternative data company Quandl combed through corporate aviation information and it noted that the Johnson&Johnson corporate jet had been parked near the headquarters of Actelion Pharmaceuticals for five days. This was just one week before...
by CDO Review Staff | May 31, 2019 | Asset Management and Trading
AI-powered stock pickers are already operating in in the market and one of the most prominent is operated by EquBot, a San Francisco-based issuer of two Exchange-Traded Funds (ETFs). Equbot CEO Chida Khatua is all praises for his AI model which combines deep financial...
by CDO Review Staff | May 30, 2019 | Data Privacy & Security
Real estate and title insurance firm First American Financial Corp. has apparently left over 885 million sensitive financial records of its customers unprotected on their website free for anyone to peruse or grab. These customer records range as far back as 2003....
by CDO Review Staff | May 30, 2019 | AI, Asset Management and Trading
A Hong Kong tycoon who lost $20 million in a single day after he trusted the highly-touted abilities of an AI-powered robot hedge fund to manage his investments is now suing the Company who sold him on the idea. Samathur Li Kin-kan is suing Tyndaris Investments for...
by CDO Review Staff | May 30, 2019 | Asset Management and Trading
A 15-year veteran and former managing director of Goldman Sachs has left the firm for a second time. Quant developer Philip Hartley quit in May without announcing his plans for future employment. Beecher Tuttle filed this report published in efinancialcareers.com:...
by CDO Review Staff | May 30, 2019 | Asset Management and Trading
William McGhee, Natwest’s global head of machine learning and etrading quantitative analytics, is moving to Citadel as a senior quantitative researcher for the company’s global fixed income business. Sarah Butcher filed this report for efinancialcareers.com: McGhee...
by CDO Review Staff | May 30, 2019 | Asset Management and Trading
A controlling stake in financial news and data firm Acuris was purchased for $1.76 billion by the ION Investment Group, owner of the data provider Dealogic. Acuris owns the MergerMarket and Debtwire brands. Here is an excerpt from a report on Acuris published by...
by CDO Review Staff | May 29, 2019 | CDO Insider, Chief Data Officer
Suresh Kumar, who has worked at Google, Microsoft, and Amazon, has been picked by retail giant Walmart as its new CDO/CTO reporting directly to Walmart CEO Doug McMillon. Sarah Perez filed this report on Kumar for TechCrunch: Kumar most recently worked at Google,...
