Balyasny AM Hoists Antenna for Evaluating Alternative Datasets

The firm developed the platform, dubbed Antenna, because it wanted to be able to evaluate new datasets faster and attract providers of alternative data, which can often take up to a year or more for a fund to properly test and evaluate. Firms without the resources to quickly evaluate new datasets risk falling behind in terms of their ability to exploit new datasets early on when they have greater potential alpha, so BAM believes Antenna will give it an advantage when implementing new data