Collaboration with Snowflake Optimizes Data Management Via Cloud-Native Technology
November 18, 2021
CHICAGO: Northern Trust (Nasdaq: NTRS) and Equity Data Science (EDS) have collaborated with Snowflake, the Data Cloud company, to enhance secure data sharing and onboarding for Asset Servicing clients using Investment Data Science capabilities.
Leveraging Snowflake’s data sharing and cloud technology, Northern Trust and EDS can provide a better, faster and more secure experience for Investment Data Science clients. Snowflake’s Financial Services Data Cloud enables sharing on a single, integrated platform, optimizing what had been a manual process dependent on physically extracting and delivering data files.
Beyond offering a faster and more secure experience, the collaboration with Snowflake allows Northern Trust and EDS to quickly update or change data elements and layout, making the solution agile and attuned to individual client needs.
November 4, 2021
With the recent shift to ESG investing due to a mix of investor demands, regulatory action and market opportunity, there is growing demand for standardization, quality and visibility of ESG data. EDS’s Greg McCall discusses the importance of having the right tools in place between support and decision making in a “sustainable” investment process.
Topic: In the Absence of a Shared Standard, How Can You Maximize ESG Data
Greg McCall, President and CFO, Equity Data Science.
Paul Fahey, Head of Investment Data Science, Asset Servicing, Americas, Northern Trust.
Marc Mallett, Director of Strategy, Asset Servicing, Americas, Northern Trust
May 25th, 2021
The Solutions Market Perspective blog series aims to illuminate trends in the asset management technology and operations landscape with insights from vendors, solutions providers, and other industry experts. For our first blog in this series, we were excited to sit down with Northern Trust’s Marc Mallett who is the Director of Strategy for Asset Servicing, Americas. In our Q&A, Marc offers some of his perspectives on the solutions landscape, front office services, and integration across the investment lifecycle.
May 18th, 2021
Making Faster, Better Investment Decisions: What are the latest transformational trends in the industry and how can you leverage the power of investment data science?
Gary Paulin: Global Head of Integrated Trading Solutions Northern Trust
Greg McCall: President & CFO Equity Data Science
Paul Fahey: SVP, Head of Investment Data Science, Asset Servicing, Americas Northern Trust
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.”
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.”
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.
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)
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.”
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.
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.