Hedge funds turn to predictive analytics to capture political risk
Interview with Jim Shinn, CEO of Predata
Despite recent political turmoil here in the US and abroad, markets have been relatively sanguine. Market observers will tell you that historically, geopolitics has little impact on how markets move broadly, but political risk can have a significant impact on specific strategies or individual stocks. New York-based Predata is using predictive analytics to give managers information on political risks that could impact portfolio positions or strategies.