Thu, Oct 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Estimize launches Select Consensus, hires Vinesh Jha

Friday, September 20, 2013

Bailey McCann, Opalesque New York:

New York-based Estimize, has launched a new feature to add to its crowdsourced buy-side analysis of public companies. The new feature - Select Consensus is a weighted average based on an advanced quantitative research process. According to Estimize Founder and CEO Leigh Drogen, the company has been able to determine which attributes of an analyst’s track record, biographical data, and the individual estimate in question, give us the highest confidence that the individual estimate will be either more or less accurate than the other analysts within the distribution. Each estimate is given a confidence score, which is used to weight the consensus more or less heavily in favor of that individual analyst’s projection.

Estimize as an analyst platform is still relatively new, but the company has steadily rolled out new features. Through their community of analysts, Estimize has been able to beat sell-side analysis over 60% of the time. The company is also providing data on a limited set of private companies.

In addition to the launch of Select Consensus, Estimize has also hired Vinesh Jha, who was previously Executive Director at PDT, which was originally a proprietary quant trading unit of Morgan Stanley, and later spun out as an independent hedge fund called PDT Partners. Before that, Jha was the Director of Quantitative Research for StarMine, which works to bring more accountability to sell-side analysis.

In his new ro......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t