Foresight Analytics buys ARA



Foresight Analytics, provider of data analytics and investment diligence, has acquired Melbourne-based investment research and operational capability ratings business Australia Ratings Analytics (ARA) from Australia Ratings Group in order to build its market share.
The combined business would operate under the Foresight Analytics brand and would follow Foresight’s earlier strategic partnership with London and Boston-based Style Analytics Group, the firm said.
With ARA’s ability to deliver market investment ratings on wholesale and retail managed funds, separately managed accounts (SMAs) and exchanged traded products (ETPs) to the wealth management industry, the acquisition would be expected to help further diversify Foresight’s institutional data analytics and advisory solutions business to institutional, wholesale and retail investors.
At the same time, ARA’s regulatory compliant, investment ratings and operational capability ratings would continue to be delivered using the same process and approach and all ratings issued by the firm would be vetted by the investment committee whose membership would remain unchanged, the firm said.
“We believe our complementary solutions will provide significant value to our clients as they increasingly rely on data and human insights to navigate through the proliferation of complex investment products and strategies in the market,” said Foresight Analytics’ founding director Jay Kumar.
“Both firms share the same mission: to serve clients by simplifying the challenges associated with investment decisions, and collectively we will bring meaningful benefits such as the expanded asset class coverage across equities, bonds, real assets, alternatives as well as diligence ratings on private and public market investment opportunities.”
Recommended for you
ETF investors would be wise to consider global or European exposure for their equity ETF allocations, according to AXA IM, with US government action expected to hit both its equity and bond performance.
A specialist ETF provider is seeking to become “the new Betashares” with its active ETFs, thanks to its use of algorithms to achieve outperformance.
Platinum Asset Management has entered into binding terms for a merger with L1 Capital with the firm to be renamed upon completion
Prime Value Asset Management has launched a retail fund investing in microcap companies, a new version of its existing wholesale offering.