What tools would you use on your own?
Hypothetical scenario: You made a good chunk of change at a fund but recently left to manage your own money, say $10m, by yourself. How big would your budget be for different tools/resources, such as data providers, information flow, services etc, and which ones could you not proceed without? At what level do you think a Bloomberg terminal would be worth it?
Bump
Bloomberg and Tegus.
There are definitely more cost-effective tools than BB Terminal. You can also build your own infrastructure if you have a little programming and api knowledge
are the API knowledge you're referring to talking about web scrapping
Some websites have APIs set up already so you dont have to scrape them
Nope.
Koyfin, Tegus, and a few substacks/blogs. SS research/models from friends at HFs. That's all you need.
would koyfin essentially replace CapIQ?
Pretty much
They have a very ambitious release schedule also
What Substack blogs do you read
BamSEC and Tegus
Based on this thread-- short Bloomberg, short CapIQ, long tegus.
I've never used Tegus. What makes the platform so useful? Is it the transcribed interviews?
Bump
Prob just that, and the fact that everyone has them, so it makes it necessary if a stock moves because everyone is reading the same transcripts from that one ad-tech interview with an expert who oversees $800mn in ad budgets calling out incremental spending at meta instead of tiktok QoQ or some bs
I personally manage a reasonably large HF of my own and I only pay for Koyfin personally. I do however have access to/use S&P Capital IQ for free through my local library!
Your post history says you work at EY…..
Do you understand when you say "reasonably large" that implies >$1bn in the HF world? Maybe >$500mn at the lowest end....
If you are using a local library for data access, you are not managing a reasonably large HF of your own. You manage a personal investment account
I wish my "personal investment account" was worth $15M+!
I'm in Europe so the requirements are a bit different if I was looking to build a process on my own:
1/ One of: Bloomberg/Refinitiv/Factset/Sentieo or potentially Cap IQ (less good on EU news). All have excel add-ins. It really depends on which news feeds etc come through each one at the lowest cost. I'd probably discipline myself away from Bloomberg to avoid the IB distraction drug.
2/ Quartr app. Small monthly fee. Great app for earnings season. Hopefully they build out a lot more functionality and can replace a lot of the ^^^ products at a compelling price.
3/ Visible Alpha - best consensus estimates database and increasingly working on standardised metrics so may replace a lot of 1 above over time.
4/ Macabacus....once you use this, you don't go back...
Nice to haves: Stream/Tegus, Alphasense (depends how much of Sentieo they keep in the product post full integration).
If I was in the US and doing solely domestic - I'd probably just go for something like BAMSEC + Quartr Cap IQ/Visible Alpha to screen financials. It is a shame Koyfin does not have a good excel plugin. I just wish BAMSEC would build out Europe - $69/month for that would be a complete no brainer.
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