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Hedge funds spend billions of dollars a year on alternative data. A new product is hoping to give investors an edge.

Hedge funds spend billions of dollars a year on alternative data. A new product is hoping to give investors an edge.

Business Insider - Bradley Saacks

After a rocky year for hedge funds, managers — especially in the stock-picking space — are under more pressure than ever to find unique datasets that will give them an edge. Nearly four out of every five hedge funds use alternative data, according to a November 2017 report by EY. The most popular …

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