BNY ConvergEx Tackles Information Overload

Dec 8 2006 | 10:07am ET

BNY ConvergEx Group has recently launched a new service designed to bring together independent research providers and the institutional investors who are increasingly looking for unbiased, in-depth information about the companies in which they invest.

“Growth in the hedge fund space has led to increased demand for independent research,” says John Meserve, chairman of BNY Jaywalk. “There is so much information out there, and to filter this information is one of the most challenging things for the buy-side.”

The firm’s new service, Jaywalk 360, is a real-time platform that taps into a network of 150 IRPs who cover nearly 7,000 equity securities. The IRPs maintain broad areas of expertise, including fundamental evaluation, forensic accounting, macro-strategy analysis and technical research, among other things.

Meserve says that in addition to the challenge of information overload, one of the problems with most small, independent research firms is that “a lot of the great ideas are like a tree falling in the forest, no one hears it.” Meserve and his team aim to remedy this with their platform, which provides a wide distribution network and allows for complete customization of research for each investor.

The new system uploads thousands of reports and recommendations each week, allowing for the Jaywalk 360 team to analyze and identify top-performing analysts based on objective performance evaluation. Additionally, the Jaywalk 360 service delivers IRP ideas and recommendations from several analysts simultaneously, as well as identifies when multiple IRPs independently make the same recommendation.


In Depth

JOBS Act Propels Real-Estate Crowdfunding Platform

Oct 21 2014 | 2:57am ET

If D.J. Paul were a real estate development, he would be described as “multi-use...

Lifestyle

Strippers Accused Of Robbing Hedge-Fund Manager Face Jail

Oct 20 2014 | 9:20am ET

A group of alleged stripper-thieves—whose victims include a hedge-fund manager...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.