Buy-side analyst

Buy-side analyst

Buy-side analysts ("buy-siders") work for money management firms such as mutual funds, pension funds, trusts, and hedge funds. They are incentivised to identify investment opportunities that will improve the net worth of the portfolio they work for.

A buy-side analyst typically works in a mutual fund, pension fund, or other non-brokerage firm, and provides research and recommendations exclusively for the benefit of the company's own money managers (as opposed to individual investors). Unlike sell-side recommendations and reports—which are meant for the analyst's brokerage firm's clients, and the broad outlines of which the press often widely disseminates—buy-side recommendations are not available to anyone outside the firm. If the buy-side analyst stumbles upon a formula, vision, or approach that proves effective, it is kept secret.

See also

*Sell-side analyst
*Securities research

References

* Groysberg, Boris, Healy, Paul M., Chapman, Craig J. and Gui, Yang (August 2005), "Do Buy-Side Analysts Out-Perform the Sell-Side?", AAA 2006 Financial Accounting and Reporting Section (FARS), SSRN|806264
* [http://www.investopedia.com/terms/b/buyside.asp Buy Side at Investopedia.com's dictionary]


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