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Thursday, December 26, 2013|
This Fund Uses the Data of Eight Libraries of Congress
Talk about Big Data.
Jason Kephart at InvestmentNews takes a look at the BlackRock Global Long/Short Equity Fund, which was launched a year ago Dec. 20.
According to Kephart, the $370 million AUM fund is managed by BlackRock's Scientific Active Equity team, which has 90 staffers and also manages the $635 million BlackRock Emerging Markets Long/Short Fund.
The team managing the fund uses gigantic amounts of data -- four times the size of Wikipedia and eight times the size of the Library of Congress -- on public company earnings, analyst calls, news releases, what have you, to gain on insights into different stocks, according to Kephart.
“We're leveraging everything we have to our advantage,” co-portfolio manager Paul Ebner tells Kephart.
Printed from: MFWire.com/story.asp?s=47188
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