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Alternative Data in Active Asset Management

Author

Listed:
  • Green, T. Clifton

    (Emory U)

  • Zhang, Shaojun

    (Ohio State U)

Abstract

Alternative data are data gathered from nontraditional sources beyond company filings and analyst research. Alternative data are crucial in investing, offering unique insights and competitive advantages. The demand for alternative data has skyrocketed in the past two decades, due to the regulatory changes and the growing importance of intangible assets such as intellectual property. Alternative data cover various sources, including firm-released information, government-released information, information about investor attention and trading, and third-party information. However, alternative data landscape is constantly evolving due to alpha decay, technological advancements, regulatory changes, and market efficiency. These challenges require investors to continuously adapt their strategies, discover new data sources, and develop sophisticated analysis techniques to maintain an edge in an increasingly data-driven financial world.

Suggested Citation

  • Green, T. Clifton & Zhang, Shaojun, 2024. "Alternative Data in Active Asset Management," Working Paper Series 2024-12, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    • Handle: RePEc:ecl:ohidic:2024-12
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    File URL: https://ssrn.com/abstract=4932677
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    More about this item

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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