TORONTO--(BUSINESS WIRE)--Nasdaq’s Quandl, a leading provider of alternative and core financial data, today announced that Evan Reich has been appointed as Head of Data Strategy and Sourcing. Reich was formerly Global Head of Data Strategy and Sourcing at BlueMountain Capital.
Reich joins Quandl with over a decade of experience within the industry and a deep domain knowledge of alternative data. In this new role, Reich will lead Quandl’s data strategy and sourcing team to find new alternative data sources that are relevant to Quandl’s customers. Previously, at BlueMountain Capital, a $18 billion multi-strategy hedge fund, Reich sourced and managed the firm’s alternative data and market and reference data, serving both quant and fundamental groups across all asset classes globally. Reich was also responsible for managing all data vendor relationships and overseeing data engineering.
“We are excited to welcome Evan to the Quandl family,” said Tammer Kamel, CEO of Quandl. “Evan has a deep, first-hand understanding of the buy-side and great insight into how investors can get the most out of alternative data. As a former client of Quandl, he brings a fresh perspective to the table, and we’re looking forward to working with him as we continue building unique and proprietary datasets.”
Prior to BlueMountain Capital, Reich was one of the first data engineering hires at Millennium Management. Reich has worked broadly across the capital markets ecosystem—including in private equity, investment banking research and expert networks—and was a contributor to the 2017 Nobel Prize in Physics for his work on the Laser Interferometer Gravitational-Wave Observatory (LIGO), which is used to view gravity waves.
“Quandl is well-known as the alternative data pioneer, and it’s such a thrilling time to be joining the team—particularly in being able to utilize Nasdaq resources,” said Reich. “I’ve spent my career working at the intersection of data and asset management and look forward to bringing alternative data into new use cases across the investment landscape.”
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 100 marketplaces in 50 countries. Nasdaq is home to over 4,000 total listings with a market value of approximately $14 trillion. To learn more, visit business.nasdaq.com.
Quandl is the largest provider of alternative data for financial professionals. The company sources, evaluates and productizes undiscovered data assets, transforming them into quantified, actionable intelligence for select institutional clients. With a customer base that includes the world’s top hedge funds, asset managers and investment banks, Quandl delivers financial, economic and alternative data to over 400,000 analysts worldwide. Quandl was founded in 2012 by Tammer Kamel and Abraham Thomas in part because of their frustrations with the limited data and primitive delivery systems that were available to them. Learn more at www.quandl.com, visit us at the Quandl blog and follow us on Twitter @quandl.