Novus Announces Updated Hedge Fund Overlap Matrix for Investment Managers

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The free interactive tool allows investors to analyze major investment manager crossover to optimize their own portfolios.

portfolio manager tool novus overlap matrix

The Novus Overlap Matrix

The Hedge Fund Overlap Matrix is an irreplaceable tool for investors to understand the portfolio composition of their managers and their own exposure to individual securities.

Novus, a portfolio analytics and intelligence platform that helps institutional investors analyze their portfolios, today announced the release of their updated Hedge Fund Overlap Matrix, a free interactive tool that allows users to access public holdings data. This tool is updated every quarter with the latest holdings information.

The overlap matrix is an interactive visualization that provides users with an innovative way to explore manager portfolios. Overlap is a measure of similarity between portfolios; and the matrix is a collection of 2500 overlap values. Behind each overlap value are securities that are shared by the two intersecting managers. The visualizations enable users to study managers’ uniqueness, crowdedness, and sizing, as well as individual investments. For this matrix, Novus uses public holdings data for a group of 50 managers associated with Julian Robertson’s Tiger Management: the Tiger Cubs.

“The Hedge Fund Overlap Matrix is an irreplaceable tool for investors to understand the portfolio composition of their managers and their own exposure to individual securities,” said Stanley Altshuller, Chief Research Officer at Novus. “It allows them to grasp manager similarities, crowded positions, and the diversification value each manager adds. Managers use the tool to identify other investors in their names and gauge the level of crowding in each security.”

To view the Hedge Fund Overlap Matrix, please visit: http://bit.ly/1GV5Mdp

To learn more about Novus, please visit: http://www.novus.com

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Novus was founded in 2007 by a group of investors, data scientists and engineers to build a portfolio analytics and intelligence platform for institutional investors. Today, the platform is used by some of the top hedge funds, fund of funds, pensions & endowments, and sovereign wealth funds to analyze their risk, performance, and attribution.

Portfolio managers, investor relations and operations teams use the Novus Platform in different ways, but most use the platform to analyze and manage their risks, report to their investors, and ultimately generate more alpha with better portfolio intelligence. Through the firm's data-driven approach, industry-leading analytics and unique team of ex-portfolio managers and investors, Novus is transforming the way the world invests.

Novus is based in New York, with offices in San Francisco, California and Zurich, Switzerland. For more information, visit http://www.novus.com.

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Matthew McAlister
Novus
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