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…
Data Science
Why quants pay more for point-in-time data
When quant investors encounter a new dataset, one of the first questions they ask is whether the data is “point-in-time”…
Whose data is worth more?
A tale of two data vendors Imagine two companies go into business selling data to hedge funds. Both analyze satellite…
Stop using brokerage statements to show your track record
Most traders who wish to raise external capital are asked to credibly demonstrate prior trading results. This requirement creates an…
4 reasons people don’t trust your backtest
Systematic traders, asset allocators, and other asset managers often use backtesting, in the form of models and screens, to build…
4 reasons blockchains are excellent for data validation
1) You own your own data. Imagine migrating between competing database vendors without losing your data history. Alternatively, imagine being…