âQSGâs technology platform, modeling techniques and specialty data sets offer our clients access to important tools for their business,â said Mike Sanders, Managing Director of Hudson Street Services. âThe firmâs approach to data and investment style ensures the offering remains relevant to the investment decision making process irrespective of market conditions and investment strategies.â Tom Conigliaro, head of distribution for the Hudson Street Platform, added, "QSG's extensive product offering is compelling to many different types of asset managers and disciplines, allowing Hudson Street to market QSG to a vast cross section of the Goldman Sachs client base."
Hudson Street Services offers investment professionals access to a select platform of unique content and tools that can be integrated into their investment process. Collectively, Hudson Street Services offers a more flexible, more efficient way for clients to access critical information designed to ultimately assist clients in making better investment decisions.
âJoining the Hudson Street platform allows QSG to reinvest our commercial success in R&D, client service and alpha-generating innovations,â said Timothy A. Sargent, President and founder of QSG. âThe decision to join the other âbest in breedâ companies on the Hudson Street platform is both a visible way to assert our independence and reinforce our commitment to our clients.â
As part of the transaction, The Goldman Sachs Group, Inc. will make a minority investment in QSG. QSG will continue to operate autonomously and will continue service to all its existing and new clients directly through its equity research and trading client teams and web-based research portal.
This release does not constitute an offer to sell or a solicitation of an offer to sell any securities of QSG.