AltX Broadens Hedge Fund Data Offering with New Module

Jul 14 2016 | 8:39pm ET

AltX, which recently inked a deal with financial services giant Northern Trust to offer hedge fund data to institutional clients, has launched a new module that provides return data on more than 17,000 funds – including those that don't report to third-party databases – and some 80% of the billion-dollar club.

The new AltX Estimates feature is aimed at providing the most transparency possible across the entire hedge fund market, AltX said in a statement.

The new AltX Estimates module delivers extremely accurate performance estimates for funds, even those that have not publicly shared their returns, by leveraging information from regulatory filings with other data and techniques proprietary to AltX’s proprietary model, the statement said. Importantly, the process does not rely on data reported on SEC form 13Fs as an input.

The new data provides a more holistic view of investment opportunities, gives context to fund performance across the hedge fund industry, and allows better peer analysis for investors and for funds themselves than can be obtained from any other source. The AltX platform includes detailed intelligence on positions, networks, news and events associated with funds, updated in real-time.

Examples of fund managers in the data set include D.E. Shaw, Farallon, Taconic, Eton Park, Viking, and hundreds of others that don’t report to third party databases, AltX said.

“Our goal is to provide the greatest amount of high-quality data to clients to allow a level of transparency to this opaque market that has never been seen before,” said Sam Hocking, CEO of AltX, in the statement. 

Founded in 2012 and based in San Francisco, AltX is part of a new generation of fintech companies combining science, technology, relational and behavioral data 

with traditional financial analytics and regulatory data to deliver alternative asset manager and market insights. The company’s proprietary algorithms, big data, analytics, and relationship mapping help investors and hedge funds identify more compatible relationships and opportunities. The firm’s platform is used by hedge funds, investment banks, pension funds, endowments, asset managers, family offices and other institutional investors. 

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