Operational Alpha on the Buyside - Celent Showcases EDS in their Latest Market Place Positioning Article
April 18th, 2021
EDS is thrilled to be included as a strategic vendor driving the future of investment management.
There is continued end-client demand for hybrid approaches that combine software, managed services and outsourcing – evolving from front-to-back software solutions towards what we terms as "full lifecycle propositions", enhanced and enabled by next generation cloud technologies.
Investment managers, technology vendors and solution providers must brace themselves and make strategic decisions about where they want to play, and how they want to collaborate in the new world that is emerging.
NORTHERN TRUST MAKES STRATEGIC INVESTMENT AND ENTERS EXCLUSIVE AGREEMENT WITH EDS
February 9th, 2021
CHICAGO – As part of its continuing strategy to provide integrated services and technology across the investment lifecycle, Northern Trust (Nasdaq: NTRS) has reached an agreement to take an equity stake in Equity Data Science, Inc. (EDS), a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management.
“We are excited about the announcement between two of our trusted partners, Equity Data Science (EDS) and Northern Trust,” said Brian Mann, Principal, Chief Data Officer & Director of Operations for Pzena Investments. “EDS has helped us build additional insight into our investment process, while we have long valued Northern Trust’s support as we grow our business.”
EDS Presents at nicsa "Strategic Leadership Forum"
February 25th, 2021
Making Faster, Better Investment Decisions
Hosted by Northern Trust
Investment data science enables asset managers and allocators to better understand why investment decisions are good or not so good – and to improve future decision making in the process. Join industry experts from Northern Trust and Equity Data Science, as they explore the power of investment data science, and share a real-time demo of data science in action.
Paul Fahey, Head of Investment Data Science, Northern Trust
Greg McCall, President & CFO, Co-Founder of Equity Data Science (EDS)
MSCI Q320 Quarterly Update - Redistribution agreement with Equity Data Science (EDS)
October 27th, 2020
NEW YORK, NEW YORK, – MSCI signed a redistribution agreement with EDS, expanding MSCI’s market reach to fundamental managers. The partnership enables EDS to provide to its hedge fund clients MSCI FaCS, a factor classification standard designed to give investors the essential tools and common language for implementing factor investing strategies. The agreement also enables MSCI to offer those clients security-level factor risk.
Commenting on the press release:
"We are thrilled to be included in MSCI's quarterly update. Sitting alongside industry titans, such as JPMorgan & Bloomberg, gives us confidence that the hard work MSCI and EDS are doing together is paying off. FaCS is incredibly unique, and is adding substantial value to the fundamental investment community", said Greg McCall, EDS co-founder and President.
EDS Integrates MSCI Risk and Factor Analysis
October 08, 2019
EDS Integrates MSCI Risk and Factor Analysis
Fundamental Funds have access to MSCI’s Barra® in the EDS Analytics Platform
NEW YORK, NEW YORK, – Equity Data Science (EDS), a leader in Investment Process Infrastructure, announced a partnership, which includes the integration of MSCI’s Barra® real time portfolio risk and factor analysis solutions into the EDS Analytics Platform.
MSCI Inc.’s (NYSE:MSCI) industry-leading risk models help investment managers manage portfolio and market risk, enabling them to manage portfolio risk tolerance. With this partnership and integration, portfolio managers, traders and analysts, using EDS can understand risk more efficiently and better understand pro-forma risk before staging the order for trading.
Ben Lieblich, Chief Data Scientist, Equity Data Science: “Our fundamental clients, have been demanding more real-time risk and factor analytics”. Lieblich added, “What used to be static reports & difficult to use excel sheets, is now available across the entire investment lifecycle, configured to each user, from idea generation to portfolio construction and risk management in an easy-to-use platform for the entire investment team.
John Regino, Head of Product at MSCI stated: “Our world class factor and risk analytics content can now seamlessly be integrated into all investment related workflows, and importantly, is accessible to any member of the investment team. Partnering with EDS aligns with our strategy to strengthen our relationships with clients in accessing MSCI solutions for portfolio risk and factor analytics.”
Lieblich continued: “We are excited to partner with MSCI to integrate these next generation workflows into our Decision-Support and Analytics Platform. Whether a firm is factor-aware or running explicit factor-driven strategies, our platform makes it simple for any manager to integrate leading risk solutions into their investment process
Kindred Capital Investor Letter - How One of Our Customers (and Investors) uses EDS
May 7th, 2018
Steve Galbraith is the CIO of Kindred Capital, and is formerly the CIO at Morgan Stanley and a Partner at Maverick Capital. He shares his use of EDS in a recent investor letter. Below are a few excerpts.......
"At the core of our investment process is Equity Data Science (EDS), a software program which affords us enormous leverage in stock selection and in managing the Fund’s investments. While initially designed to augment idea generation and stock selection, the latest version of EDS now incorporates tools that help us with portfolio construction and position sizing as well. EDS filters the equity universe in multiple ways: on the basis of valuation relative to peers, relative to the market as a whole, and relative to a company’s own history. It tracks technical trends, leverage, returns, growth, market sentiment, and many other financial measures. It also estimates normalized earnings power based on historical data. EDS ranks securities on a scale of 1 to 5 (best to worst)"
Swimming in Data, Managers Look to Sea of New Tools
February 23rd, 2021
To cater to the growing appetite for data-related platforms, Northern Trust is taking a stake in cloud-based analytics platform Equity Data Science (EDS). EDS’ tools are designed to help generate investment ideas, and assist with portfolio construction and risk management, says Marc Mallett, the firm’s director of strategy and asset servicing.
Like the Aladdin application, Northern Trust’s new system aims to help asset managers bring data from various sources together on a common platform.
“So much of what investment managers do is develop their own proprietary insights on the market, on certain companies, and investments,” Mallett says. “Many times, that data is sort of locked in the heads of individual investors, [or] it can be hidden in spreadsheets or offline documents.”
EDS Presents at nicsa conference "Life Outside of Spreadsheets"
January 27th, 2021
Technology is changing the very nature of investing. Asset managers and asset allocators need their investment processes to be repeatable, digital, and measurable if they want to compete and succeed. It’s simply not enough for investment processes to live in spreadsheets. Digitizing the process of developing and executing investment ideas can help asset managers better measure, compare, and refine the effectiveness of those ideas. Investment Data Science (IDS) capabilities can help managers and allocators digitize, measure, and refine their investment process. Join Nicsa and Northern Trust as we explore how to leverage the power of data in 2021 and beyond.
Trends in behavioral analytics, and investment analytics
Driving meaningful improvements to investment strategies
Measuring “success” beyond traditional returns and attribution
Who should attend: asset managers, asset owners, consultants, financial services media outlets
EDS Recognized As A 2020 Benzinga Fintech Listmaker
November 10, 2020
EDS Recognized As A 2020 Benzinga Fintech Listmaker
NEW YORK — On Nov. 10th, 2020, Equity Data Science was named to the Benzinga Global Fintech Listmakers and recognized as a "Best Investment Research Technology".
To honor it’s sixth anniversary, Benzinga is honoring the winners for the advancements they’re making in financial technology in a new and improved way. The official Benzinga Fintech Listmakers are comprised of 250 carefully vetted and renowned companies and executives who are striving to revolutionize the fintech industry. From deeply established companies to the newest startups, this group is impacting sectors like payments, banking, investing, technology and financial literacy. This list of carefully selected companies will be honored each year as Benzinga continues to highlight the fintech industry’s most innovative minds.
To see all the Listmakers go to bit.ly/2020Listmakers and choose "Best Research Investment Technology" to see EDS.
“We’re recognizing the companies that will define the future of our financial lives,” says Benzinga CEO Jason Raznick.
“Since the inaugural Benzinga Fintech Awards in 2015, our listmakers have closed $300 million in deals and partnered with some of the biggest players in the industry. We look forward to honoring these players for years to come, as well as finding the next generation of fintech."
Kindred Capital: At the core of our investment process is Equity Data Science (EDS)
Kindred Capital 2019 Investor Letter Excerpt: At the core of our investment process is Equity Data Science (EDS), a software program which affords us enormous leverage in stock selection and in managing the Fund’s investments.
Steve developed an early version of the platform while at Herring Creek, and over the last two years, together with his former colleague and partners (who created a new venture to market the software to other investment managers (for full disclosure, Steve is the largest outside investor in EDS). Over time, we have continued to fine tune and enhance the platform’s capabilities and data mining power.
While initially designed to augment idea generation and stock selection, the latest version of EDS now incorporates tools that help us with portfolio construction and position sizing as well. EDS filters the equity universe in multiple ways: on the basis of valuation relative to peers, relative to the market as a whole, and relative to a company’s own history. It tracks technical trends, leverage, returns, growth, market sentiment, and many other financial measures. It also estimates normalized earnings power based on historical data. Using EDS, we rank securities by quintile from 1 to 5 (best to worst) to define our opportunity set.
To illustrate, with EDS we rank securities using four basic criteria which have generally proven predictive of outperformance: Valuation, Capital Deployment, Earnings Quality and Momentum. Under this construct, potential long investments would typically rank as a 1 in at least the first three categories and potential shorts would rank 5. Of course there are always exceptions to the rule. Value traps whose earnings power may be permanently impaired can screen as a 1 on value (think Kodak). Conversely, a company recovering from a steep decline in earnings can look expensive (a 4 or 5) when its future earnings outlook is bright. Acquisitions score negatively on capital deployment, but can sometimes prove highly accretive or transformative and so on. In this way, EDS serves as a highly effective screening tool, whose scores we then evaluate against a deeper analysis of the company’s history and prospects.
EDS Named Top 10 Portfolio Analytics Vendor
December 31st, 2018
From consultation services to implementation assistance, these solution providers are constantly transforming the portfolio analytics market. Our distinguished panel comprising CEOs, CIOs, and analysts along with Capital Markets CIO Outlook’s editorial board have narrowed down the best portfolio analytics solution providers in the market
Galbraith Team Packages Big-Data Processes to Help Fundamental Asset Managers
Every week, Hedge Fund Alerts helps subscribers anticipate risks and opportunities by revealing behind-the-scenes developments in the fund-management arena. EDS is excited to be highlighted as a key vendor providing leading-edge technology to fundamental investors:
"helping fundamental investors incorporate big-data analysis without reconstituting their core investment processes — or going to the trouble and expense of hiring data scientists and software engineers. The EDS Analytics Platform supports multiple big-data functions, including idea generation, asset valuation, position sizing and risk management. Other fintech firms aim to assist hedge funds in some of those areas, but EDS is pitching its system as the simplest and least-expensive way for equity managers to fully exploit the potential of big data.EDS has the backing of Steve Galbraith, formerly chief macroeconomic strategist at Maverick Capital and chief investment officer at Morgan Stanley. He helped oversee the formation of Maverick’s quantitative-investing program, dubbed Mavrank, and later developed a prototype of EDS’ software at Herring Creek Capital, a hedge fund firm he founded."
"The fact that the founders of EDS have experience as portfolio managers could give the firm a leg up in an increasingly crowded field. One of the biggest challenges hedge fund managers face in working with big data is a communications gap between data scientists and investment professionals. Indeed, a recent report from Jefferies’ prime-brokerage group said larger fund-management firms have been hiring “translators” to bridge that gap."