Alt Data Market Could Take Deep Hit Due to Coronavirus
If hedge funds and VCs tighten their spending in 2020—a likely outcome—it could be the alternative data market taking the brunt of the punishment.
It will take months, if not years, for the ripple effects of the coronavirus to be felt across the capital markets, but one burgeoning industry that might take a hit sooner than others is the alternative data space.
While it’s been a couple of years since alternativedata.org has updated its projections, but in 2017 the industry site said that the buy-side spent $400 million on alternative data sources and building out the necessary infrastructure to handle these sources of information. It
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