Nasdaq Announces Alternative Data Veteran for Quandl

Nasdaq has appointed alternative data veteran, Evan Reich, as head of data strategy and sourcing at its recently acquired analytics firm, Quandl, according to a story in The Trade news. Nasdaq acquired Toronto-based Quandl late last year to expand its capabilities in the alternative data space, combining the firm with its Analytics Hub to become part of the Global Information Services division. In the role, Reich will lead Quandl’s data strategy and sourcing team to find new alternative data sources relevant to clients. He joins Quandl with a decade of experience mainly in the alternative data industry, most recently at $18 billion multi-strategy hedge fund BlueMountain Capital. At BlueMountain, Reich managed the alternative data, market, and reference data for quant and fundamental groups across all asset classes globally. He also managed the firm’s relationships with data vendors and oversaw data engineering. Prior to his time at BlueMountain, Reich was one of the first data engineering hires at Millenium Management and has also worked more broadly across capital markets in private equity, investment banking research and expert networks.