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…
Point-in-Time
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…
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…
Why alternative data trials fail
The reality of selling alt data to quant funds Almost every data provider’s pitch includes a chart that looks like…
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”…
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…