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…
Alternative Data
How Good Are LLMs at Sentiment Scoring?
We find that open-weight models, especially in an ensemble, approach frontier models’ performance. As with labeling, sentiment scoring is now…
Local LLMs can now handle ticker mapping for alternative data
Benchmarking open-weight LLMs for alt data pipelines
How good are LLMs at tickerization?
For data to be marketable to investors, it usually must be mapped to asset-level identifiers, commonly known as tickers. An…
If data is oil, AI is the shale revolution
On December 10, 1967, the U.S. government detonated a 29 kiloton nuclear device under a rock formation near Dulce, New…
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…