Searching for Alpha Through Data

"There is a quite complex methodology behind outperforming the market benchmark with minimum risk," said Claire Pannell, market data manager at Legal & General Investment Management. "It's something the sell side and buy side are all trying to achieve, and which on the buy side is focused around stock selection."

David Berry, global head of market data at Barclays Capital, said that a data manager's task to support traders "is to identify what will create an extra edge via a piece of informat