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Wells Fargo, Cowen Group and Conifer join AltX hedge fund platform

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Wells Fargo, Cowen Group and Conifer Financial have joined the growing list of users on AltX, an intelligence platform for the hedge fund industry.

AltX, created to improve data analytics in the hedge fund market and the way these analytics are accessed, increases efficiencies around how this intelligence is used and shared by investment banks, asset managers and other asset allocators, and service providers to the hedge fund industry.
AltX insights include detailed intelligence on positions, leverage ratios, network graphing, news and events associated with funds updated in real-time, as well as access to regulatory documents including ADVs, 13fs and more that round out the data set, making it one of the most accurate available. Proprietary algorithms and newly structured data help unlock the data universe around hedge fund investing, and due diligence creates a cohesive platform that can be accessed individually or collectively across a team or firm. The platform’s superior intelligence helps firms who service, target and invest in the hedge fund industry, find new clients and know their existing clients better.
Jack McDonald, President and CEO of Conifer Financial Services, a leading Asset Management servicing firm, says: “AltX allows us to incorporate new technology to give our clients the opportunity to access the best data, insights and analytics. I’ve seen many attempts over the years to match investors and managers and nothing compares to what I see with AltX.”
AltX brings together the world’s largest amount of both structured and unstructured data specific to the hedge fund market on one platform to produce novel and traditional analytics that enable users to work smarter and more effectively. With over one million data points, 45,000 regulatory documents and profiles on over 70,000 managers and 10,000 funds, the platform combines innovative science and technology to triangulate data and provide superior manager and market insights to affect a more efficient and lower cost method for discovering and evaluating investment ideas and opportunities in the hedge fund market.
"AltX adds a new level of efficiency and discovery to client sourcing for our Emerging Manager and Prime Service platforms. Our teams can save both time and money while having access to smarter intelligence,” says Jeffrey M Solomon, President of Cowen Group.
Sam Hocking (pictured), CEO of AltX, adds: “Access to unstructured data has never been easier, but access to structured and insightful data will continue to become increasingly more difficult to manage without the right technology partner. AltX users benefit from the streamlined process and access to the larger, more insightful hedge fund intelligence universe. Technology will continue to play an even larger role in investing and we believe that AltX users have unparalleled access to the most insightful data and analytics and are better positioned to make smarter hedge fund investment decisions.”

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