PivotalPath Unveils Quantitative Hedge Fund Manager Rating System

May 17 2017 | 12:00am ET

Technology-driven hedge fund consultant PivotalPath has announced a new quantitative manager rating system across the 1,300 hedge funds on its PivotalBase platform.

The new ratings module, named “Quality of Performance,” or PQP, is a proprietary system that transforms existing quantitative insights into intuitive fund ratings presented across platform, PivotalPath said in a statement. The algorithm measures the key qualities of suitable hedge fund manager performance within the context of its peers, ultimately empowering sophisticated clients to identify managers who employ a repeatable application of skillful methods. 

The utilization and application of PQP will enable dynamic and thoughtful fund comparisons and improve clients' decision-making process, the company added. 

“‘Quality of Performance’ focuses on the consistency of a manager’s process rather than past returns, creating a bias-free and predictive approach to provide clients with critical information and actionable intelligence,” said Viktor Ula, managing principal of PivotalPath, in the statement. 

“We are proud to announce our new capabilities, and recognize the contributions from Dr. Joshua Vogelstein, a recent appointment to our Board of Advisors, for helping to leverage big data analytics and machine learning to improve the firm’s proprietary technology capabilities, and further reliable assessments for our clients,” added managing principal Jonathan Caplis.  

Founded in 2010, PivotalPath conducts comprehensive qualitative due diligence and information analysis using proprietary methodologies on behalf of institutional investors, single and multi-family offices, pensions, endowments and foundations. PivotalPath advises on more than $8 billion in hedge fund assets. 

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