Hedge Funds Practice Co-Leader Quoted in HFMWeek on Issues Surrounding Alternative Data

Hedge Funds Practice Co-Leader Laurel FitzPatrick is quoted in an April 25 article published by HFMWeek titled “What do investors want to know about alt data?” that explores what questions allocators are asking regarding alternative data, which hedge fund managers are increasingly tapping into. The piece also cites a Ropes & Gray client alert that provides an overview of a novel opinion issued by the Northern District of California in hiQ Labs, Inc. v. LinkedIn Corp. "Managers really need to be careful because these vendors that are trying to sell you this data will tell you there are no issues but there certainly are a number of state and federal, not to mention international, statutes and rules that could apply," Ms. FitzPatrick warns in the piece.