PanAgora > Press > Uncategorized > Mike Chen was quoted in Bradley Saacks and Dan DeFrancesco’s piece “Alternative data player Thasos just laid off the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion,” published by Business Insider.

Mike Chen was quoted in Bradley Saacks and Dan DeFrancesco’s piece “Alternative data player Thasos just laid off the majority of its staff and its CEO resigned. It might be a sign of tough times to come for a market set to grow to $7 billion,” published by Business Insider.

“We may have a bit of an alternative data bubble,” Mike Chen, a portfolio manager at PanAgora Asset Management, told Business Insider. “I believe that a lot of the more advanced alternative data users — advanced hedge funds and investors — are probably experiencing what I might call ‘alternative data fatigue.'”