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KKR is creating a new role overseeing its data strategy as private equity giants bet high-tech analysis will give them an investing edge

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  • Private equity giant KKR has hired Emilia Sherifova, the top technology officer at Northwestern Mutual, to develop a data-driven approach she says will play a “central role” in KKR’s next stage of evolution.
  • Private equity executives are seeing data strategy as a way to analyze investments and juice returns.
  • Blackstone said last February it had created a data platform to support decision-making. Matt Katz, hired from Point72 Asset Management in 2015, heads up data scientists who work with the firm’s dealmakers.
  • Data insights help create opportunities and avoid mistakes, said Patrick Davitt, an analyst at Autonomous Research who covers KKR.

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Source:: BusinessInsider.Com