Friday, 27 March 2015
Last updated 5 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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…