Validea Unveils Institutional Product for Buy-side Pros

Validea unveils a new institutional product, which targets Buy-Side professionals to help them make more accurate investment decisions.

NEW YORK (PRWEB) June 9, 2001 -based 'Buy/Sell/Hold' institutional product. The application, built from Wall Street recommendation data and co-developed by Kent Womack, professor at Dartmouth's Tucks School of Business, is a sophisticated tool aimed at assisting buy-side and other financial professionals in their researching efforts.

The product's features include a sophisticated email alerting system and never before seen investment "event alerts," which include the detection of analyst clustering events, recommendations by the most influential brokerage firms, and recommendations by the most "accurate" sell-side analysts. The idea generation components, including the identification of clustering events and recommendations by influential brokerage firms, have been rigorously back-tested and have resulted in generating excess returns over the market. The product also enables professionals to view, in a unique charting feature, the "recommendation activity" for a particular stock over multiple timeframes, while also allowing for the discovery of top performing analysts and brokerage firms within a given industry.

"The initial response from the market has been great," said Keith M. Ferry, Validea co-founder and president. "In conjunction with members of the academic world and industry experts, we've developed a highly comprehensive, yet easy-to-use, institutional quality researching tool. The expertise and precision behind Buy/Sell/Hold's features provides professional investors access to information and alerts never before available," says Ferry.

The company has numerous buy-side firms using the product, as well as researching departments of respected brokerage houses. Shawn Kravetz, manager of the Boston-based hedge fund Esplande Capital says, "(the product is)...an extremely timely and useful service. The folly of analysts in the past two years is well documented: finally some aggregated data to analyze the analysts."

"The move into the institutional marketplace is a very important shift in the company's overall strategy," says Ferry. "In addition to our retail content syndication, our institutional product suite, which we will continue to build out, will allow us to further diversify our revenue stream while continuing to provide customers with objective, unbiased research tools and ideas."

ABOUT VALIDEA

Validea is one of the premier Internet financial research suppliers, providing financial institutions and professionals, Web sites, and individual investors with top tier tools and analytical products. Validea's institutional product suite includes sophisticated Web-based programs tailored toward buy-side professionals, brokers, and financial advisors. On the retail side, Validea is regarded as the preeminent source for ranking and evaluating stock picking professionals based on the performance of their recommendations, and recognized as one of the leaders in the aggregation of investment ideas made throughout the financial media. Validea packages its proprietary content into unique applications for distribution to strategic partners. The services help our partners create a full-service financial Website where users can complete the entire investment decision process in one location. Privately held, Validea is headquartered in Bloomfield, CT.