NYU Courant Mathematics Professor Joins Alternative Data Group to Develop Raw Data Solutions

NEW YORK, Dec. 18, 2018 /PRNewswire/ -- Alternative Data Group (ADG), a company which specializes in processing unstructured data, said last week that it had brought Professor Petter Kolm on its board in an active development role, effective imminently.  Dr. Kolm is a Mathematics Professor and the Director of the Mathematics in Finance M.S. Program at the Courant Institute of Mathematical Sciences, New York University.

ADG's founder, Gene Ekster, expressed that the company is honored to have Dr. Kolm join its team.

Dr. Kolm has been at the forefront of innovation in quantitative data finance and has decades of experience in both the theoretical machine learning techniques used in alternative data as well as well as industry experience applying his expertise of the topic to a wide range of financial technology companies.

"It is extremely exciting to be involved on an ongoing level developing unique algorithms to process unstructured data," Dr. Kolm said. "I look forward to helping the ADG team develop cutting edge products for the alternative data ecosystem including hedge funds and vendors of alternative data."

Prior to NYU, Dr. Kolm worked in the Quantitative Strategies Group at Goldman Sachs Asset Management. Dr. Kolm co-authored the books Financial Modeling of the Equity Market: From CAPM to Coitegration (Wiley, 2006), Trends in Quantitative Finance (CFA Research Institute, 2006), Robust Portfolio Management and Optimization (Wiley, 2007), and Quantitative Equity Investing: Techniques and Strategies (Wiley, 2010). He holds a Ph.D. in mathematics from Yale, an M.Phil. in applied mathematics from Royal Institute of Technology, and an M.S. in mathematics from ETH Zurich. Dr. Kolm is a member of the editorial boards of the International Journal of Portfolio Analysis and Management (IJPAM), Journal of Investment Strategies (JoIS), Journal of Portfolio Management (JPM) and Journal of Financial Data Science (JFDS). He is an Advisory Board Member of Betterment (one of the largest robo-advisors). Dr. Kolm is also on the Board of Directors of the International Association for Quantitative Finance (IAQF) and the Yale Graduate School Alumni Association (GSAA).

Mr. Ekster added that bringing Dr. Kolm to ADG's board is highly strategic since it will help ADG create products which allow smaller funds and users of raw data to quickly structure such data sets through the use of its Company Identifier and Bias Stabilizer API tools.

About Alternative Data Group (ADG):
Alternative Data Group is a provider of research and development for institutional investors. It develops algorithmic products and analyses to address challenges specific to wrangling Alternative Data. It has pioneered the use of credit card data, email receipt data, geolocation and other datasets for the purposes of improving institutional investors' decision process. It has developed alternative data software and processes for the world's largest hedge funds. It is headquartered in New York City. For more information visit http://developer.altdg.com

Media contact:
Gene Ekster
[email protected] 
510-967-7977

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SOURCE Alternative Data Group

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