Longreach Harvest Quant Investors (LHQI), a global active equity quantitative manager, has selected Thomson Reuters QA Direct data management solution to power its business. QA Direct offers a powerful, scalable platform to manage, maintain and integrate quantitative analysis and investment data.
According to research by HRF*, the amount of money being managed by quant hedge funds rose to more than USD$940 billion by the end of October 2017 and is on course to pass the USD$1 trillion at some point this year. As the global competitive and operational landscape for quantitative strategies continues to evolve, quant funds need tools and resources that can help to more efficiently identify compelling alpha opportunities and devise differentiated strategies to the market ahead of the crowd.
Patrick Cannon, Head of Investments, Partner at Longreach Harvest Quant Investors, said, “LHQI’s main differentiators are designing predictive factors that are unique in construct compared to most competitors and our machine-learning process results in returns that are orthogonal in composition to our competitors. For what we do, machine-based learning results offer a far superior predictive capability than the more simplistic methods that many use. Our investment leadership team have 10-years + experience applying Artificial Intelligence to successfully manage global active equity strategies and believe this is the future of asset management.”
He added, “Thomson Reuters has the pedigree in data integrity and quality which is essential for our investment process. Over the many years we have both researched and managed funds with the globe’s largest firms, we have found Thomson Reuters data to be the most accurate and production sensitive service in the market place for our investment process. Moreover, they have worked closely with us to ensure a comprehensive data service, tailored to our needs.”
Daryl Sisson, Managing Director, Financial & Risk, Pacific at Thomson Reuters, said, “Your quantitative process is only as good as the data behind it. Thomson Reuters data management solutions provide the comprehensive, timely and accurate data fund managers demand. We’re pleased to support LHQI Investors and the quant fund industry across Australia so they can spend more time developing and testing ideas and less time managing data.”
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