Europe is moving ahead with plans to create a single market in data and establish policies to become a leader in business data collection and distribution, the European Commission announced Wednesday.

Online consumer insights provider Hitwise is ceasing operations after 20 years in business citing “events outside its control”, the company announced Tuesday.

Catalyst Funds, an alternatives investment firm, has launched a new machine learning-based fund that invests in futures contracts to gain exposure to 39 major global asset classes.

Rezatec, a geospatial data analytics firm, has raised GBP 5m from Gresham House Ventures, a growth equity investor, for expansion into key global markets.

Quantitative investment managers are investigating datasets that quantify environmental, social and governance (ESG) factors, as well as those that show companies' customer acquisition efforts, according to analysis of recent activity on Neudata’s Scout platform.

The US Securities and Exchange Commission’s Office of Compliance Inspections and Examinations has added alternative data usage to its list of examination priorities for 2020.

Clickstream data providers are assessing the commercial viability of their datasets after news broke last week that Avast would stop providing user web-browsing data to its subsidiary Jumpshot.

LinkedIn is making good on its promise to fight back against hiQ Labs in the notorious web-scraping case that has gripped the alternative data community for the last two years.

Avast has indicated that it intends to stop providing user data to Jumpshot and will begin winding down its subsidiary’s operations effective immediately, according to a statement released today by Ondrej Vlcek, Avast’s CEO.

Fasanara Capital, a London-based hedge fund with nearly EUR 1bn of assets under management, has opened its machine learning-driven fund to outside investors following a three-year proprietary trading period.