Launch of the Alternative Data DDQ

Data protection Licensed DDQ platforms

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Investment managers use a wide range of data to help them make investment decisions, and that range of data available has grown considerably in recent years thanks to technology advances. Now, data that could only be acquired in the past by large field teams doing store or site visits, or in-house data analysts poring over reams of information, is available for purchase on demand by vendors who may buy or scrape masses of electronic records to render information and deliver it in virtually any form a manager may need. It certainly is convenient, albeit expensive. But is it safe?

Join us to kick off the launch of the Alternative Data DDQ, as speakers discuss the use and intent of the DDQ in addressing the many issues fund managers need to be aware of when selecting alternative data vendor services.


  • Lawrence Brown, Partner, Simmons & Simmons LLP
  • Philip Moustakis, Counsel, Seward & Kissel
  • Suzan Rose, Senior Advisor, Government & Regulatory Affairs, AIMA

Follow up Q&A: 

  • Would you consider a vendor that provides anonymized consumer survey responses alternative data covered by this due diligence process? Or put that onus on identifying whether alt data is being provided on the vendor via the DDQ?

    In answer to your first question: yes (although categorising the information as alternative data would also depend on who the vendor is/the circumstances in which the data are being shared). In any event, I think running the DDQ process would be beneficial as it would help you to understand where the data came from and more about the anonymisation process. You could put the onus on the vendor to provide the information required to fill in the DDQ.

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