Ocean State AM takes ClariFI's ModelStation

Ocean State had previously relied solely on Xpressfeed, a database developed by Standard & Poor's unit Compustat, to develop and test investment strategies; the manager opted to add ModelStation as its $150 million equities business became more quantitatively focused, according to Ocean State principal Rajat Babbar.

"When we started looking we had been using a system from CompuStat called Research Insight, and our models were in Excel," Babbar says. "But when we started getting more quantitative

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