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Alternative Market Briefing

HTL Capital eyes alternative data

Thursday, November 01, 2018

Bailey McCann, Opalesque New York:

Thanh-Long Huynh, CEO of investment firm HTL Capital, has had a long history in the field of quantitative investing. Prior to starting HTL, he set up quantitative strategies for Societe Generale. Huynh is also the founder of QuantCube Technology, a FinTech startup that makes macroeconomic and financial predictions based on alternative data. QuantCube recently closed a $5 million Series A round led by Moody's Corporation, Five Capital, the investment fund sponsored by CDC International Capital (Caisse des Dépôts Group) and Kingdom Holding Company of Saudi Arabia. From his dual role as the CEO of a fund and a tech startup, he spoke to Opalesque about how hard it is to find data scientists and what the future may hold for Big Data and investing.

According to Huynh, while data science has been around as a field for many years, only now has the computing power really caught up to where it is economical to do data analysis at the scale needed to uncover investment trends from alternative data sources like social media posts or satellite images. "The supply of data will grow infinitely, but there will always be a shortage of data scientists with the expertise to analyze that data for use in investing," Huynh says. "Which means there will always be competition among investment firms for top talent."

The other difficulty is competition from the technology industry itself. Tech giants like Alphabet and Apple will always be in need of a......................

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