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.
January 5th, 2007 at 7:00 pm
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.
January 9th, 2007 at 1:05 am
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.