Sandler: Tracking real-time alternative data is table stakes against pod shops
Ricky Sandler · Ricky Sandler - Evolution of Long-Short Equity Investing (EP.414) · Oct 28, 2024 · at 28:45
Ricky Sandler, founder of Eminence Capital, discusses why long-term fundamental hedge funds must monitor real-time alternative data to diagnose short-term price movements driven by multi-manager pods.
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“We are also tracking the real-time KPIs, because that's what everybody's using. So I would call that today table stakes, to know what the pods and the short-term investors are seeing in the data, and so sometimes it's helpful to say, oh, they're going to miss the current quarter by three percent. That's why the stock is acting so poorly. I have a thesis about the next 18 months, so this doesn't scare me and doesn't concern me, but I understand why the stock is going down and why other people are selling it”
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