An industrial conglomerate is in acquisition mode and looking to purchase mining assets. An investment group is considering whether to make a bet on a much-hyped IPO with production sites in remote places. A consultancy is advising a client on a transaction involving ski slopes.
In the quest for alpha, a growing number of portfolio managers have been exploring the esoteric world of alternative data.
Picture the scene: A tropical storm has wended its way along the Gulf Coast of the United States, one of the more refinery-rich stretches of land in the developed world.
The oil industry is rife with traders and market analysts scouring the globe for innovative new ways to gather valuable information. In a highly competitive environment speed is king, with the first trader, manager or company to jump onto a new, potentially prosperous source of information likely to reap its rewards