Alt data’s growing pains: Integration and aggregation challenges stall wider adoption

Alternative data—generally, data generated as a byproduct of other business activities—has been the darling of hedge funds over the past half-dozen years. But after a blinding start, has the alt data race stalled, or merely settled into a more stable pace for the long haul?

According to a report from research firm Coalition Greenwich earlier this year, 44% of investment firms already use alt data to support portfolio construction or trading, and a further 19% of respondents plan to start using