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App Annie and Founder Bertrand Schmitt Charged with Securities Fraud by the SEC

App Annie and Founder Bertrand Schmitt Charged with Securities Fraud by the SEC

On 14th September 2021, the Securities and Exchange Commission (SEC) brought a securities fraud ruling against leading mobile app data provider App Annie and its co-founder and former CEO and Chairman Bertrand Schmitt. The SEC found that at this time the company was “engaging in deceptive practices and making material misrepresentations about how App Annie’s alternative data was derived” that violated anti-fraud provisions of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.

Data Privacy and Alternative Data: Apple, Google, GDPR et al.

Data Privacy and Alternative Data: Apple, Google, GDPR et al.

As a leader in the alternative data space, we make it a priority to stay up to date with legal and compliance issues across the alternative data landscape. A recent ‘Spotlight’ paper we published called Data Privacy and Alternative Data focuses on the data privacy movement and how it has developed over the past several years. In this paper we discuss the restriction around data collection and distribution being implemented both at a state and regional level as well as a company level where “Gatekeepers” are proving to be more influential than ever. This blog provides a run-down of several of the most noteworthy pieces of legal and compliance mentions from the paper.

Implementing a Data Strategy in Private Markets (CAIA Collaboration)

Implementing a Data Strategy in Private Markets (CAIA Collaboration)

For many PE funds, there are strong push factors driving the move to alternative data. Historically low-interest rates are pushing more investors to consider PE as a viable investment, but how does a PE firm stand out? To stand out you need to show that your data and technology approach can generate superior returns. Firms need to do something differentiated.

Navigating Geo-Location Data – Part 1: The Opportunity

Navigating Geo-Location Data – Part 1: The Opportunity

We have seen unprecedented growth in client interest and use of Geo-location data since the beginning of 2020, to the extent that it is now one of the most popular alternative data categories for our clients. This has not always been the case. Traditionally consumer transaction and web crawled data claimed that mantel. We are seeing elevated interest in the category from our traditional customer base in the hedge fund and asset manager industries, but also private equity funds, corporate, central banks, and government agencies. This unprecedented growth in interest has unquestionably been driven by the COVID-19 pandemic.

Alt Data and China: What Investors Need to Know

Alt Data and China: What Investors Need to Know

Eagle Alpha has been fielding inquiries from clients for many years on alternative datasets that either originate in China or can address investment use cases in China. In general, the queries are broad macro use cases to track the Chinese economy or datasets that can be used to monitor consumer spending trends. Within consumer spending the majority of investors have looked for information on western brands that have a large exposure to the region or have China as a significant part of their quarterly revenue growth. We have pulled together content across data strategy related to these themes but also address other datasets that investors are interested in. Any discussion on alt data involves complex legal issues and when it comes to China the issues can be particularly tricky. We will highlight relevant content on the subject.

The Low Down on Consumer Transaction Data

The Low Down on Consumer Transaction Data

Background Consumer transaction data is one of the most popular and widely deployed types of alternative data by investment managers. The data is also used extensively by corporates with exposure to the retail segment of the economy. Quants and discretionary managers...