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Northern Trust has made a strategic investment in Equity Data Science (EDS), a cloud-based analytics platform that provides decision support tools to asset managers for idea generation, portfolio construction and risk management.
In return for its investment, Northern Trust will integrate EDS’s decision support tools into its technology platforms to provide specialised and innovative solutions to institutional investors.
The EDS decision-support and analytics platform is designed to support the unique processes of active, institutional investment managers. Its features also include order generation, research management, and portfolio construction and optimisation.
Northern Trust says the deal comes as part of its continuing mission to provide integrated services and technology across the investment lifecycle.
The investment is an extension of the bank’s ‘Northern Trust Whole Office’ approach, which aims to integrate architecture alongside innovative partners, facilitating client access to new technologies, services and solutions.
Pete Cherecwich, president of corporate and institutional services at Northern Trust, says: “Institutional investors need to drive efficiency and transparency and embed data-driven feedback into their investment decision making.
“By partnering with EDS, we provide our clients with access to enhanced technology that helps them make the right, repeatable and measurable decisions in the quest to achieve alpha.”
Greg McCall, president and co-founder at EDS, adds: “We look forward to the opportunity to work with Northern Trust to bring greater productivity and performance to the front office. As asset managers seek to maximise alpha, it is crucial that they are able to streamline processes, reduce errors, and make faster and more informed decisions."
