Who’s behind the wealth-management talent war – Bankers’ DoorDash haul – Blackstone eyes selling portfolio company data

Who’s behind the wealth-management talent war – Bankers’ DoorDash haul – Blackstone eyes selling portfolio company data

Happy hump day!

Really interesting story out of Bloomberg regarding Blackstone's plans to sell data from companies in its portfolio. 

The story touches on two major themes on Wall Street. The first is alternative data, or the use of obscure, non-traditional data sets in order to gain an edge investing. We're written quite a bit on the topic, and how crowded the market is for selling such data, but it's interesting to see Blackstone contemplate dipping its toe in the water.

Blackstone's data plans also highlight the push from investors to generate revenues streams outside of investing. The best example of this in the industry is BlackRock's Aladdin, the widely-used risk and portfolio management tool.

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Samantha Lee/Business Insider





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