Inaugural Letter: The Future Of Research

New York, February 8, 2016

Dear Friends and Colleagues,

This is the inaugural Exante Data newsletter (I left my position as head of research at Nomura Securities a month ago). Since this is the first letter, I will focus on the very big picture.

For a number of years I have been thinking hard about the future of research. Technology is changing how information is created, processed and analyzed. In a financial markets context, new technologies, especially data analytics, are changing investor behavior and asset price dynamics.

The entire financial industry is in the middle of a revolution. Previously cutting edge approaches to investing and trading are quickly becoming inferior – relics of ever-faster data-driven innovation. In the Triassic period, it took millions of years for the dinosaurs to die. Today, it can take only months for obsolete methods and organizations to wilt away.

How do you stay ahead? For me, it is about freedom. To stay ahead – to attempt to lead the revolution – it is necessary to have total freedom along at least two dimensions.

Analytical freedom. This is about freedom to think and attack any problem you are interested in, from a number of angles, and utilizing multiple disciplines in parallel. Not being held back by legal constraints, corporate red tape, existing cultural norms, group-think etc. Once you have analytical freedom, you have no excuse not to be a thought-leader.

Organizational freedom. This is about having the flexibility to optimize your environment. Recruit the best. Create efficient teams. Motivate through a common vision. Partner with outside experts. Form flexible JVs, as needed. With organizational freedom, you can evolve teams and structures aggressively, so the organization is alive, nimble and flourishing, at any point in time.

Both dimensions of freedom are crucial drivers of individual and collective motivation, without which nothing will be achieved.

I will not go into details with our specific business plan and products in this short letter. One paragraph will do for now. Since Jan 8, 2016, we have been up and running from our offices on 79 Madison Avenue. We already provide discretionary advisory services to a select group of macro investors (through Exante Advisors). In parallel we are building proprietary data and analytics infrastructure (within Exante Data). The last part in particular requires significant contemplation, legwork, testing and some time too. As such, we are only planning to roll out data-driven tools and analytics products in some months (please stay patient).

At this point, I just wanted to post you on the launch of Exante Data and Exante Advisors and the underlying vision of the venture. If you have suggestions on projects we should be working on; or know about interesting data or analytics companies we should partner with; or have any other input or suggestions, please get in touch with us. To stay ahead, we need to learn every day. Your input is a part of our ongoing education.

Jens Nordvig
Founder and CEO
Exante Data LLC

Exante Data © 2022. All rights reserved. Personal Data Usage Policy

This site is provided for informational purposes only.  The information included in this site should not be used as the sole basis for making a decision as to whether or not to invest in any particular security. In making an investment decision, you must rely on your own examination of the securities and the terms of the offering. You should not construe the contents of these materials as legal, tax, investment or other advice, or a recommendation to purchase or sell any particular security.

The information included in this site is based upon information reasonably available to Exante as of the date noted herein. Furthermore, the information included in this site has been obtained from sources that Exante believes to be reliable; however, these sources cannot be guaranteed as to their accuracy or completeness. Information contained in this site does not purport to be complete, nor does Exante undertake any duty to update the information set forth herein. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information contained herein, by Exante, its members, partners or employees, and no liability is accepted by such persons for the accuracy or completeness of any such information.

This site contains certain “forward-looking statements,” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” “potential,” “outlook,” “forecast,” “plan” and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of certain investment strategy. All are subject to various factors, including, but not limited to, general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting the operations of the companies identified herein, any or all of which could cause actual results to differ materially from projected results.

Get more information about Exante Data
Get Ahead With Our Updates with Our Exante Newsletter