SEC warned that alt data is rife with due diligence risks days before Thinknum crisis emerged
Only proper due diligence on datasets and the companies providing them will safeguard alt data consumers from similar risks in the future.
On the corner of 47th Street and Madison Avenue in New York City, half a dozen cement mixer trucks line up to deliver their loads to the growing construction that will ultimately be JP Morgan’s new headquarters at 270 Park Avenue. The construction site—spanning an entire city block—is a hive of activity.
Across the street, it’s a different story on the 26th floor of 575 Fifth Avenue, home of alternative data provider Thinknum. The office is open, and staffed by a skeleton crew, though it’s not
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