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Cut through the noise with quality, peer-reviewed investment research from top analysts and rising stars in the fund industry.
SumZero is an industry thought leader attracting high-quality, fundamental research from vetted buy-side analysts/PMs at funds operating around the world, from New York to London, Hong Kong, Singapore, and beyond. Transparent, actionable investment ideas with a focus on primary research, rigorous valuation work, and contrarian opportunities.
– Sid Choraria, APS Asset Management
$3B Singapore-Based Long/Short Equity Hedge Fund
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SumZero Buyside’s research is published exclusively by professional investors. No day traders, no sell-side analysts, 100% quality, peer-reviewed research from professionals at legitimate Buyside funds.
Access to Thousands of Buyside Ideas
SumZero’s research database is 100% comprised of actionable, peer-reviewed, long-form research from members of the hedge fund, mutual fund, and private equity fund analyst community. Research is 100% transparent, including analyst name, fund name, and disclosure status.
In-Depth Analysis on Actionable Ideas
Research reports in SumZero are forward-looking with defined price targets, expected timeframes, valuation discussion, risk analysis, and catalyst review.
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Unable to post firm research? Switch to a read-only license to access the research database and skip the posting requirement. A popular option for large funds and asset allocators.
SumZero has been a fantastic platform for us to differentiate our fund by the quality of the ideas our process generates, as the transparency into each key position allows prospective investors to both understand how we research and execute investments, and holds us accountable to past decisions. We can’t think of a better way to promote transparency in the industry than by having access to our key investment decisions over time
– Steven Wood
Founder/PM, GreenWood Investors
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No noise. SumZero brings unprecedented clarity to the research discovery process with powerful, robust, and comprehensive filtering.
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Find the research that matters to you. Identify ideas with an extensive range of metrics including Market Cap, P/E, EV/EBITDA, as well as filters for catalysts, region, sector, and situation.
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One of the best characteristics about SumZero is not only the transparency but the users in general - and thus, the exclusivity - I have yet to reach out to someone who didn't reply within a few hours and offered to get on the phone and tell me everything. Prior to joining this platform, I had such a bad taste in my dealings with users from other mediums; this platform really changed the way I perceive the industry, and if anything, it gave me the confidence to speak with people that I otherwise would have assumed would've never responded - much less act like as an open book and offer a lending hand - you just don't get that anywhere else, not even close.
– Taylor Mann
Founder/PM, Pine Capital Partners
SumZero has been beyond helpful to my hedge fund career, giving me the exposure that eventually led me directly into not one, but two hedge fund jobs. For anyone who works on the buyside, if you can post your ideas on SumZero, I highly encourage you to do so as it's an increasingly competitive investment in your personal brand. As loyal and grateful as I am to Wharton, I have often said that SumZero has done more for my hedge fund career than my MBA ever did. I simply cannot thank you guys enough for this and for giving me the chance to compete for eight years in the world's biggest, most legit online community of hedge fund investors.
– Analyst at $10B Multi-Strat Hedge Fund
Excerpts From SumZero Research
As the company is continuously buying back stock at the current depressed share price, the earnings accretion drives the P/E down to ~12x. This is at discount of 10%-15% to the high quality names in the tobacco sector, which is a very significant de-rating from the historic premium of ~4 multiple points. If we were to exclude that from operating earnings the discount is ~20%.— Founder/PM at $150M London-Based Long/Short Equity Hedge Fund
Off-balance sheet liabilities mostly relate to aging populations with the future holding a much greater demand for pension and welfare payments to older citizens as well as greater demands for healthcare. Under-investment in infrastructure is another way governments have been postponing expenditure. Bailouts of banks is another iceberg that can cause a shipwreck, with Ireland’s government debt to GDP ratio going from 44.5% to 121.7% in four years primarily as a result of poor lending and bank bailouts.— Founder/PM at $40M Sydney-Based Distressed Credit Hedge Fund
These changes in demand have not occured as rapidly as expected. Extensive channel checks with suppliers in a dozen different countries, done in the last week, showed that demand did not slow in the 3rd quarter, though it has begun to slow very slightly in the fourth, with suppliers in Italy expecting it to pick up with the renewal of rebates in January.— PM at $275M NY-Based Long/Short Equity Hedge Fund
42% of SAFM’s COGS are feed costs comprised of 75% corn, 25% soy meal. A $1.00/bushel decline in corn price adds $100mm of operating income for SAFM. (However, on the risk side, a $1.00/bushel rise in corn prices also detracts $100M in opinc. Keep in mind this leverage when considering this idea.)— PM at $1T+ California-Based Credit Mutual Fund
Chorus undertakes a dilutive equity issue to provide additional head room under its debt covenants. Chorus has ruled out an equity issue until the regulator's decision is given in April 2015. The market had been concerned that a distressed equity raising may be possible but that risk has now been eliminated due to the extension of debt facilities including relaxation of key covenants. It is still possible that the company may wish to raise equity if the regulatory decision is positive in April and the stock prices rallies to more attractive levels.— Senior Analyst at $80M Hong Kong-Based Event Driven Hedge Fund
In terms of a potential take-out, a larger driller like Ensco (ESV), Noble (NE), Transocean (RIG), or Seadrill (SDRL) would be attracted to VTG b/c of its newer fleet, the ability to refinance the high-cost leverage at much lower rates, and a fleet that is already working instead of waiting 3yrs for a newbuild. Further, as MLPs are formed (have SDLP and RIG likely to announce one in 2014), these new entities should trade at higher multiples and thus be able to make acquisitions accretive more easily - better buyers and new class of potential buyers.— Analyst at $4.5T NY-Based Asset Manager
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SumZero offers the world's only buyside analyst performance rankings system. Our proprietary Rankings algorithm examines the returns of individual investment recommendations made by thousands of fund analysts/PMs since 2008, and then identifies the individuals that have most consistently beat the market.
Objective, Skill-Based Methodology
Rankings brings recognition to the most consistent alpha generators on the buyside using a methodology that is agnostic to pedigree, AUM, or seniority. Consistent benchmark out-performance on multiple recommendations is what you need to climb the Rankings ladder.
All SumZero Buyside members are eligible to get ranked on SumZero after submitting a minimum number of research ideas. Rankings lists are updated each month. All Buyside and Allocator members can access Rankings for free.
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SumZero Rankings cover a variety of standard and proprietary categories, including: Long/Short, All-Time, LTM, Strategy, and many more.
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SumZero is the next step in buyside networking. Research you contribute on SumZero is tracked on a performance basis and allows you to build an independent track record.
When you’re ready to go after a new position, SumZero has a dedicated full-time recruiting staff ready to leverage the performance of your work on the site.
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More meaningful than just a resume and cover letter – SumZero gives you the added benefit of sending your top-performing research reports on the site along with your application directly to hiring managers at top global firms.
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SumZero has been a critical component in my job search. I had interviews with prominent hedge funds that I never would have had the chance to interview with. It's been a great experience all around.
– Analyst at $6B Event Driven Hedge Fund
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SumZero was able to introduce us to high-caliber investors, and to generate feedback on our business from a wide swath of credible allocators in a short period of time. I’d highly recommend any new fund contemplating a launch to use SumZero’s capital introduction services.
– Stormy Scott
President & COO, Banbury Partners
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We have been very impressed with the quality and pedigree of the investors on the SumZero platform. The capital raising process is inherently inefficient for both investors and fund managers and the SumZero platform addresses specific challenges for both sides. We have found the platform to be very productive in establishing a dialogue with emerging manager investors.
– Jeff Knupp
Former COO, Cloud Gate Capital
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I am very impressed with the SumZero Cap Intro platform. We've had several in-person interviews with prospective investors since joining the platform. The interactions are far better than other cap intro platforms we have tried in the past. As an emerging manager, I value my partners above all else. SumZero has done an excellent job bringing on institutions who are interested in my long-term success.
– Ian Clark
Founder/Managing Partner, Dichotomy Capital
SumZero cap intro is an innovative platform that is leveling the play field for emerging managers and allocators. Nick, Divya and their team have taken feedback from both LPs and GPs to produce a valued-added service that has a high return on time for all parties, resulting in greater transparency and efficiency through the entire process.
– Daniel W. Lawrence
Founder/Managing Partner, Elmrox Investment Group
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