China managers turn to big data for new funds

Chinese manager Dacheng is to launch “big data” fund partnerships in an attempt to improve stock selection for investors. The move has highlighted a growing wave of big data product launches in China, which has seen fund houses team up with search engines, e-commerce firms and social media platforms. The groundbreaking tie-ups seek to expand their internet finance businesses and improve investment efficiency through exploitation of huge data-sets. Shenzhen-based Dacheng Fund M…