Bixby Research and Analytics launches private markets news and information platform for hedge funds and asset managers
Bixby Research and Analytics, a fintech focused on information flow, has launched a web platform powered by Rightpoint technology, which connects asset managers and hedge funds to real-time market moving news and financial information for companies in the private debt market.
Over the last several decades, the asset management industry has seen unprecedented advances in technology; however, when you step back and look at where this advancement is taking place, it's been almost solely confined to the public market. Over the same time, private market information flow has remained antiquated with virtually no resources available to investment professionals.
"The market for leveraged loans has doubled in the past decade to over 1.7 trillion in assets, and approximately half of these companies are private," says Brian Conroy, Founder and CEO, Bixby Research and Analytics. "The lack of resources available to investment professionals in the private debt market has made it increasingly difficult to manage these positions. Our platform modernises information flow so our clients can stay focused on investing."
Bixby Research and Analytics turned to Rightpoint in 2019 for its best-in-class technology and experience-led approach to bring the concept to life. Bixby's web portal went live in late 2019 providing asset managers and hedge funds with real-time news, financial data and detailed portfolio information that is specifically tailored to each client's needs. With the private debt market being one of the fastest growing, and most underserved segments in the asset management world, Bixby Research and Analytics is uniquely positioned to become an industry leader in the fintech market.
"When Bixby turned to us to support them on the full experience of creating this platform – setting out to design and develop a solution that could transform the private investment marketplace – we were excited to work together on a product that is bringing the private debt market into the future," says Jason Sears, Senior Solutions Architect, Rightpoint.