Tuesday, 21 October 2014
Last updated 3 hours ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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 ...