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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note