Hedge fund managers: main uses of alternative data 2020

In 2020, alternative data was mainly used as a research tool to help better improve investment decisions among 69 percent of hedge fund managers, who were classified as alternative data market leaders, and 85 percent of the rest of the respondents using it for this particular purpose. Only 23 percent of the alternative data market leaders and 36 percent of the rest of the market used alternative data to help improve risk management and compliance models.

Main uses of alternative data by hedge fund managers worldwide in 2020, by alternative data experience level

Characteristic	Market leaders	Rest of the market
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Release date

May 2020

More information

Region

Worldwide

Survey time period

2020

Number of respondents

100 respondents

Special properties

Hedge fund managers who managed about 720 billion U.S. dollars in assets in total

Supplementary notes

Alternative data is used by investors to evaluate a company or investment that is not within their traditional data sources. For example, app usage or credit/debit card transactions fall under alternative data sources.

The source splits hedge fund manages into "market leaders" - defined as those managers that have been using alternative data for more than five years - and the "rest of the market", which includes managers that have been using alternative data for less than half a decade.

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