Ocean State Asset Management Buys Strategy Modeling Software
Ocean State Asset Management, a provider of investment advisory services to institutional and high net worth clients, has adopted ClariFi's ModelStation to streamline its domestic equities investment management and research process.
ModelStation was chosen for its backtesting and strategy simulation capabilities and Ocean State Asset Management is using the technology in conjunction with the Standard & Poor's Compustat Xpressfeed database to research, test, and develop advanced fundamental and quantitative investment strategies. In addition, ModelStation's turnkey integration with this dataset allows for rapid discovery of uncharted sources of alpha and enables users to manage and optimize risk before implementation.
"Despite today's challenging economy, firms that prioritize investment in the right tools will continue to achieve the greatest returns for their clients and stay ahead of the competition," said Rajat Babbar, principal, Ocean State Asset Management. "With ModelStation, we benefit from state-of-the-art functionality and unmatched client support, as well as the most comprehensive suite of investment management applications in the market, allowing us to increase operational efficiencies, minimize business risk, and easily add new modules as our needs evolve."
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