Asset managers are now pushing into “unstructured data”

unstructured data

Hedge funds and asset managers are scrambling to poach talent from Silicon Valley and attract fresh computer scientists from college to capitalise on the investment industry’s hottest frontier. So-called quantitative financiers, or “quants”, have for years come up with innovative, complex ways to analyse and trade on company earnings or economic data. But due to huge gains in computing power and algorithmic research, they are now pushing into “unstructured data” like internet searches, social media, satellite images or weather patterns to find market signals and overlooked trading opportunities. To do so they need to deploy innovative, increasingly powerful quasi-artificial intelligence algorithms, ratcheting up demand for computer scientists to do coding that is beyond mathematicians and physicists.

Robin Wigglesworth

Food4Brains

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