Buy-Side Technology Awards 2014: Best Buy-Side Data Analytics Tool—Essentia Analytics
London-based Essentia Analytics, with a headcount of 15, headed up by Clare Flynn Levy, hedge fund veteran and ex-Beauchamp Financial CEO, wins the best buy-side data analytics tool category, which, given that this is the first year this category is on offer, is fitting that it goes to a start-up.
Like all fledgling technology vendors, Essentia has its work cut out, but if ever a new vendor appeared to have a bright future, Essentia is it. After all, it’s not often that start-ups are able to catch the eye of one of the alternative asset management industry’s leading lights, let alone actually sign it, which Essentia did earlier this year when it added London-based GLG Partners—a subsidiary of Man Group, consistently in the world’s top 10 hedge fund groups in terms of assets under management—to its client roster. Since that initial success, Essentia has signed an additional four hedge fund and traditional asset management clients in the US, the UK and Germany, while GLG recently rolled out Essentia to 24 of its European equity managers.
Essentia’s premise is simple: It uses technology to help fund managers improve their performance by analyzing their investment skills, in context, providing them with a data-driven feedback loop on the effectiveness of their investment processes.
While Essentia might not be the first technology firm to use software to attempt to separate skill from luck by analyzing trading and holdings data, it is the first to market with a platform that records and analyzes the market and the physical and emotional context around which investment decisions are made. Some of this data is collected automatically and some is collected via EssentiaNote, the firm’s investment journal.
Essentia might not be out of the woods quite yet in terms of its long-term viability, but it well on its way thanks to a healthy mix of an outstanding team, a great product, and a growing client list. Expect to hear more from this vendor in the coming months.
Essentia’s premise is simple: It uses technology to help fund managers improve their performance by analyzing their investment skills, in context, providing them with a data-driven feedback loop on the effectiveness of their investment processes.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Witad Awards 2024: Technology innovator of the year (end-user)—Laura Hamilton, Bank of America
Laura Hamilton, global head of corporate treasury, credit risk, climate risk, and financial forecasting technology at Bank of America, wins technology innovator of the year (end-user) in the 2024 Women in Technology and Data Awards.
Witad Awards 2024: Vendor professional of the year (data and operations)—Joanna Davies, OSTTRA
Joanna Davies, head of trade processing at OSTTRA, wins vendor professional of the year (data and operations) in the 2024 Women in Technology and Data Awards.
Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
Product: Bloomberg TOMS
Sell-Side Technology Awards 2024: All the winners
Here are all 31 category winners from the 2024 Sell-Side Technology Awards.
Most read
- Sell-Side Technology Awards 2024: All the winners
- Sell-Side Technology Awards 2024: Best sell-side front-office platform—Bloomberg
- Systematic tools gain favor in fixed income