Investment Strategy Innovator Improves Research and Strategy Development with Reliable Securities Pricing and Fundamentals Information
Sapient Global Markets, part of Sapient (NASDAQ: SAPE), has implemented a strategic data management solution for Research Affiliates, significantly improving the sophistication of its data operations. The implementation provides Research Affiliates, a global leader in innovative investing and asset allocation strategies, with improved reliability of securities pricing, corporate actions and company fundamentals data received from multiple sources.
Research Affiliates develops innovative solutions to pressing investment problems by focusing on strategy development and partnering with asset managers who distribute products based on these ideas. At the close of March 2012, there were nearly $100 Billion in assets managed using Research Affiliates strategies around the world.
The breadth and depth of its research means that Research Affiliates has complex data needs. The company sought to make data available internally in a simplified and timely manner. Research Affiliates also sought to increase transparency and auditing of the third-party data used to prepare inputs for internal systems, such as the firm’s portfolio construction engine.
To achieve this goal, Sapient Global Markets drew upon its extensive knowledge of the data management landscape and experience implementing multiple custom and third party vendor packages. Sapient Global Markets also utilized its Global Distributed Delivery model to coordinate the initiative across multiple geographies and internal stakeholders, to ensure fast and efficient delivery of the project in line with Research Affiliates’ requirements.
“It was difficult to find a firm with the depth of data management expertise required to handle such a complex undertaking within our tight deadlines,” said Mike Bowers, head of strategic operations and technology at Research Affiliates. “Sapient Global Markets had the experienced data specialists and global delivery capabilities necessary to devote resources to our initiative where and when we needed them. A tailored solution requires a tailored approach — which Sapient Global Markets was able to provide.”
“Research Affiliates' innovative approach to investment management added a layer of complexity to a project that was aimed at completely transforming their data operations. This was a challenge our team was very well-suited to tackle given our experience implementing strategic data management projects,” said Gurdeep Batra, director at Sapient Global Markets. “This project completely transformed how Research Affiliates approaches and manages data and it’s been a real pleasure to be with them on this journey.”
This initiative is live and included a number of phases, including an in-depth discovery phase to assess the data management challenges for the business, a vendor evaluation and selection phase, and an iterative implementation and migration phase before go-live. Sapient Global Markets continues to work with Research Affiliates to extend the platform’s benefits to further strengthen its differentiated value proposition to clients.