What Investors Want in a Data Provider’s Backtest
The bar for a successful package is having the buyer feel “this is worth a serious look,” not “this is…
Quant Data
Your LLM’s alpha might be mere memorization
A new benchmark, Look-Ahead-Bench, shows that LLM-based investment strategies can generate spectacular in-sample alpha that collapses once the test window…
Why alternative data trials fail
The reality of selling alt data to quant funds Almost every data provider’s pitch includes a chart that looks like…
Why quants pay more for point-in-time data
When quant investors encounter a new dataset, one of the first questions they ask is whether the data is “point-in-time”…
Whose data is worth more?
A tale of two data vendors Imagine two companies go into business selling data to hedge funds. Both analyze satellite…
4 reasons people don’t trust your backtest
Systematic traders, asset allocators, and other asset managers often use backtesting, in the form of models and screens, to build…