Neudata hires Donald D’Amico to build out data compliance offering
Alternative data fintech firm Neudata has hired Donald D’Amico as its general counsel and in-house legal expert on alternative data.
In addition to managing the company’s legal affairs from the New York office, D’Amico will develop a due diligence offering for Neudata’s investment management clients. As part of the new service, Neudata will independently conduct detailed evaluations of data vendors and their datasets from a compliance perspective. The new offering is expected to be available for clients later this year.
“Data compliance continues to be a growing topic of interest among hedge funds, particularly as regulators like the SEC announce plans to investigate the buy-side’s alternative data usage patterns more closely in 2020,” said Neudata’s CEO, Rado Lipuš. “Don will strengthen Neudata’s compliance advisory service for clients and data providers at a time when it’s critical to get this aspect of data usage right.”
D’Amico has a strong background in the alternative data space, previously spending three years as legal counsel at Davidson Kempner Capital Management LP, where he onboarded third-party research providers and conducted related due diligence. He most recently worked as an associate within Hughes Hubbard & Reed LLP’s corporate practice.
He holds a JD from the Fordham University School of Law and a BA from Washington University in St. Louis. He has received CIPP/E and CIPP/US certifications from the International Association of Privacy Professionals.
Industry-leading fintech firm Neudata is the only objective and neutral data scouting service that is dedicated to finding alpha-generating data for investment professionals.
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Its core philosophy is simple — Neudata catalogues and assesses datasets based on over 100 unique factors & delivers metadata reports and advice for a fee. It doesn’t buy data, sell data, or accept revenue-shares or commissions from the data vendors that it recommends. That means users get unbiased intelligence that’s tailored to their specific investment thesis.