06Jun

In the fast moving world of alternatives, one of the challenges is not just staying on top of the financial news, but trying to be ahead.

There’s no shortage of information. Fund managers employ highly-paid analysts using sophisticated computer programs and artificial intelligence to sift through the firehose of news and data to detect actionable patterns and trends.

But when professionals (and more than a few investors) look for news about what others are doing, how they’re performing, competitors, and trends and developments in the world of alternatives, they rely on the many online blogs and publications to stay up-to-date.

Especially for newcomers to field, knowing which are the best, which are the must reads, is not easy. Just identifying blogs specific to alternatives is time-consuming. Fortunately, a few sites have done the work.

From the various lists, we pulled five that appear among the top on each of the sites we consulted. We’re not saying these are the best or the top sources for information about alternatives or hedge funds – though each is newsy, current and well trafficked. Make that decision yourself.

  • CNBC – Provides breaking and other news of the sector. Though many posts are limited to paid subscribers, articles are exclusive and detailed.
  • HedgeWeek – Part of the Global Fund Media Ltd. network focusing on hedge funds. Oriented toward providing industry news with multiple daily updates. Other features: newsletter, special reports, webinars.
  • Opalesque – In-depth and detailed news and commentary on hedge funds and alternatives. Well-regarded and highly knowledgeable, sponsors roundtable discussions among fund managers and investors discussing issues and trends. Limited free subscriptions.
  • Preqin.com – Not a traditional blog, but a data and research provider covering the full range of the alternatives sector. Some of the research is free to registered subscribers. Especially useful are quarterly reports and Preqin Insights posts.
  • Hedgeco.net – Its primary value lies in its database of hedge funds which includes detailed, if not always completely current, information about thousands of funds and managers. The sites includes some news of funds and managers. Free subscriptions are available.

Some others to review:

  • The Hedge Fund Journal – An online magazine of the industry.
  • Risk.net – Not exclusively about alternatives, the site covers risk management, derivatives and regulation with a section devoted to hedge funds.
  • AllAboutAlpha – This is the blog of the Chartered Alternative Investment Analyst Association. Not a news site, the blog includes a broad range of issue-type articles, analysis and commentary by a variety of industry professionals.
  • ManagedFunds.org – The blog of the Managed Funds Association, a trade group.
  • Hedge Fund Law Blog  A service of the Cole-Frieman & Mallon law firm.

Photo by Markus Spiske on Unsplash

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Accounting’s Use of Big Data Will Double This Year

Accountants have always dealt with data, but now their adoption of “Big Data” is set for a break out.

The Institute of Management Accountants says the accounting profession will double its use of big data, exceeding the implementation of other technologies such as data visualization and process automation. The IMA report — The Impact of Big Data on Finance Now and in the Future — foresees big data analytics having its greatest, initial impact in performance management. While this includes employee performance, analytics use will involve organizational processes, equipment and the like.

In the IMA survey, 100% of the responding organizations said they were already using big data analytics in performance management. Three-quarters were also sifting through reams of data to help in formulating business strategy.

“The increased emphasis on data provides an opportunity for finance and accounting professionals — who traditionally are proficient at pulling data from a variety of information systems, manipulating that data, and gleaning insights from it — to build on this core competency and assume a business partnering role with others in their organizations,” the authors of the study write in the report.

Specifically, the report authors say, “To stay relevant, finance professionals must take advantage of opportunities to create value around Big Data.” They identify three areas of focus:

  1. Data governance — Because of the profession’s rigor and discipline in managing confidential data, accountants are well positioned to take a leading role in the security and use of data.
  2. Insights into business trends and operations — With big data, accountants will “provide analysis to help business functions understand the financial implications of their activities or plans. They can help business functions improve the quality of information that goes into financial decision making.”
  3. Risk management — “Finance professionals can leverage the resource of Big Data to help organizations anticipate or preempt risks—and protect performance… By including diverse sets of data in their calculations, accountants and finance professionals can help better identify and mitigate the risks faced by their organizations.”

Before accounting and finance professionals can realize the full value of Big Data, concludes the report, “They will need to develop new skills, including enhanced abilities to organize, structure, and understand data sets; the ability to provide more in-depth, strategic analysis; and the ability to collaborate across the enterprise with other functional teams. Communication and interpersonal and leadership skills will also become even more important for accountants and finance professionals in the new silo-less, Big Data-generating corporate environment.”

Photo by fabio on Unsplash

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