December 27, 2006
Text analytics is finally being used for investment analysis
Jay Henderson of ClearForest tells me that hedge funds are one of their more interesting growth areas. It’s about time.
I think a lot of the reason for investment firms not making more use of text analytics has been structural — Factiva, the (relatively speaking) mammoth joint venture of Reuters and Dow Jones, is forbidden by its parent companies from meeting investment firms’ needs. And that’s kind of a pity, as it’s probably the best-positioned firm to do so. It’s good to hear that the little guys are finally filling the gap.
Categories: ClearForest/Reuters, Investment research and trading, Text mining
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3 Responses to “Text analytics is finally being used for investment analysis”
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Yes indeed. I have to however point out that Factiva is no longer a joint venture with Reuters and that we are now fully owned by Dow Jones (as of Dec 15th)which i believe will change the game. Exciting times indeed.
PS. i wanted to subscribe to your RSS feed because i found your blog very interesting but couldn’t find it. Please advise.
Daniela,
Interesting news about Factiva!
As for the feed, please try http://www.monash.com/feed.php and/or the actual feed link http://feeds.feedburner.com/MonashInformationServices?format=xml, and tell me if you have any difficulties. We just went live with all that less than two weeks ago.
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