Northern Trust is 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.
The deal integrates EDS decision support tools with Northern Trust’s core technology platforms to provide highly specialised and innovative solutions to the most sophisticated institutional investors across the globe. The investment is an extension of Northern Trust Whole Office, an approach that integrates Northern Trust’s architecture alongside innovative partners, facilitating client access to new technologies, services and solutions.
“Northern Trust continues to focus on helping clients maximise the value of their data in order to optimise performance,” says Pete Cherecwich, President of Corporate & Institutional Services at Northern Trust. “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.”
“We look forward to the opportunity to work with Northern Trust to bring greater productivity and performance to the front office,” says Greg McCall, President and Co-Founder at Equity Data Science. “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.”
“We are excited about the announcement between two of our trusted partners, Equity Data Science (EDS) and Northern Trust,” says 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.”
