CFRA Announces Acquisition of First Bridge Data LLC
First Bridge is a leading provider of global ETF data and analytics; acquisition strengthens CFRA’s suite of independent ETF research offerings
NEW YORK, August 5, 2019 – CFRA, one of the world’s largest providers of independent research, today announced that it has acquired First Bridge Data LLC (“First Bridge”), a leading source for global ETF data and analytics.
With the addition of First Bridge, CFRA further strengthens its already robust ETF research offerings to include the industry’s most comprehensive database of ETF constituent holdings data, reference and classification data, investment analytics, and daily pricing, flows and statistics. CFRA clients will also have the opportunity to leverage First Bridge’s powerful data visualization tools, which allow for the creation of interactive reports by region, by category, and more.
“Adding First Bridge’s industry leading ETF data and analytics creates new value for our clients across both the institutional investor and wealth management segments of the market,” said Peter de Boer, CEO of CFRA. “Not only will our ETF ratings and research now be powered by the most complete source of data on the market, but we will also be able to innovate more quickly for our clients in this rapidly growing ETF industry.”
First Bridge was founded in 2011 by Aniket Ullal, a respected equity index product management expert who was previously with S&P Dow Jones Indices and is the author of “ETF Investment Strategies” (McGraw-Hill, 2013). Led by Ullal, who will be joining CFRA as part of this transaction, First Bridge provides clients with unmatched data and analytical tools, allowing them to better understand the characteristics and holdings of individual ETFs and support their investment research process.
“CFRA’s entire approach to ETF ratings and research is distinguished by its focus on holdings-level analysis, so adding First Bridge, with its daily constituent holdings data, to our proprietary suite of offerings will only make our efforts that much stronger,” said Todd Rosenbluth, Head of ETF & Mutual Fund Research for CFRA. “I could not be more excited to incorporate First Bridge’s database into our analysis and to start sharing findings and analysis with our clients.”
As First Bridge’s offerings are incorporated across the CFRA platform, the combined solution will give financial professionals a centralized source for high-quality independent ETF research, data and analytics.
“My colleagues and I are excited to be joining CFRA, and to be bringing our screening and data visualization solutions to a wider, global audience,” added Ullal. “Combining our expertise and solutions with CFRA’ s extensive research capabilities creates an offering that I think institutional investors and wealth managers will find to be unsurpassed in the marketplace.
For more information about CFRA, please visit www.cfraresearch.com.
For more information about First Bridge Data LLC, please visit https://www.firstbridgedata.com/.
CFRA is one of the world’s largest providers of independent investment research. Through a differentiated methodology blending forensic accounting and fundamental equity research, CFRA empowers sophisticated investment professionals, advisors and risk managers with actionable analysis and proven results.
CFRA’s global research team of 75 analysts critically evaluates industries, funds and companies of interest to help over 2,000 clients, including the world’s leading institutional investors, wealth advisors, corporations, academics and governments, to make sound investment and business decisions.
Founded in 1994, CFRA is privately held with offices in or near New York, London, Hong Kong, Kuala Lumpur, Charlottesville, Denver, and Washington, D.C. In October 2016, CFRA acquired and has since fully integrated the Equity and Fund Research business from S&P Global.
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John is Vice President of Equity Research. He joined CFRA in April 2019. He is responsible for fundamental equity research and analysis covering several segments within the Information Technology and Communication Services sectors, including enterprise software and SaaS/cloud providers, Internet advertising/social media platforms, and game developers.
Prior to joining CFRA, John co-founded Samadhi Capital Partners, an investment advisor and equity research firm where he developed an investment process and framework targeted at tech sector equities, with a particular emphasis on gauging the impact of and identifying the long-term winners from artificial intelligence, machine learning, deep learning, neural networks, and related developments categorized under the larger “cognification of software” mega-trend. Before his entrepreneurial stint, he served as Senior Analyst and Portfolio Manager at Sands Capital Management, responsible for the firm’s investments within the tech sector.
John began his career in equity research with an independent equity research firm, Precursor, where he was ranked as the top analyst covering network equipment stocks among independent research firms. He also spent the first dozen years of his career in various roles within the tech industry. During this time, he published dozens of white papers and research reports on topics ranging from network processors, Virtual LAN (VLAN) technology, and the historical evolution of enterprise application architecture.
John graduated from Harvard University with a BA in East Asian Studies.
Matthew is Vice President of Equity Research at CFRA. He is responsible for providing differentiated and actionable research and recommendations on equities in the Materials and Industrials sectors. Matthew’s areas of focus include: metals & mining, construction materials, containers & packaging, and building products. Matthew previously held the position of Industry/Equity Analyst at S&P Global Market Intelligence.
Matthew joined CFRA in 2016 and S&P Global in 2014, after working on the buy-side as an Equity Analyst at London Capital Management in London, Canada, where he covered North American stocks in the Energy and Consumer Staples sectors. Prior to joining the equity research industry, Matthew worked as a Financial Analyst for companies in both the retail and fitness areas.
Matthew holds his Bachelor of Business Administration degree from Colorado State University and his MBA from Concordia University in Montreal, Canada. He is also a CFA charterholder.
Prior to joining S&P Global in 1989 and CFRA in 2016, Sam served as Editor In Chief at Argus Research, an independent investment research firm in New York City.
He holds an MBA in Finance from New York University and a B.A. in History/Education from Muhlenberg College, in Allentown, PA. He is a CFP® certificant and is a Trustee of the Securities Industry Institute®, the executive development program held annually at The Wharton School of The University of Pennsylvania.
Follow Sam on Twitter: @StovallCFRA
Prior to joining CFRA, Todd previously served in other financial positions at S&P Global, such as International Mutual Fund Sector Specialist, Large Cap Value and Large Cap Growth Analyst and has served on the Fund Services Asset Allocation Committee. Prior to joining S&P Global in 2001, Todd was managing editor of Value Line Mutual Fund Survey and Senior Large Cap and Small Cap Value Mutual Fund Analyst. He was also a Financial Advisor with Morgan Stanley.
Todd holds a B.G.S in Finance from the University of Michigan and an MBA in Finance from New York University.
Follow Todd on Twitter at: @ToddCFRA
Prior to joining CFRA, Lindsey worked as an Investment Strategist with S&P Global within the Investment Advisory Services division. She worked in several different capacities at TheStreet.com before that, from helping to manage Jim Cramer’s small and mid-cap Charitable Trusts, to leading trader blog conversations and writing research. She learned the ropes as an equity research analyst at J.P Morgan and Deutsche Bank covering retail companies, and began her career in investment banking with Jefferies & Company’s Mergers & Acquisition group.
Follow Lindsey on Twitter: @LBellCFRA
Prior to joining CFRA and S&P Global, Tuna was a Senior Equity Analyst at Lehman Brothers, New York. He participated in key decisions by the firm’s Investment Policy Committee and was highly instrumental in managing a multi-capitalization equity portfolio, with primary focus on the Technology, Media and Telecom (TMT) sectors. Tuna also gained extensive global consulting experience in his previous roles at Arthur Andersen and KPMG.
Tuna earned an MBA in Finance from the Strathclyde University Business School in Scotland, U.K. He also holds a B.Sc. in Accounting from University of Nigeria as well as LL.B. (JD). Tuna is a CFA charterholder and a Certified Public Accountant (CPA).