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How UBS is trying to change the face of financial research

For analysts at UBS, everything starts with a question.

The bank gathers between 60,000 and 70,000 questions per year from clients. These range from the macro — such as “how will a trade war impact the global economy?” — all the way to minutely detailed questions about the price of components in computers and cars.

Questions are then put into a database which the bank’s staff can look to when trying to analyze the state of the thousands companies it covers. UBS has coverage on between 85% and 88% of stocks on the MSCI World Index.

“Some of those questions are actively being thought about by the investors, some of those are in anticipation of what the markets should be thinking about in the near term,” Barry Hurewitz, global chief operating officer of UBS Group Research told Business Insider.

Question gathering is part of UBS’ long term plan to differentiate its research capability from that of other banks by taking an approach that is heavily focused on data, and applies the principles of scientific research to the world of high finance.

WeWork is looking to raise new funds at a $35 billion valuation, according to its major investor SoftBank

The property startup WeWork is seeking to raise new funds at a valuation of $35 billion, according to one of its biggest investors.

Rajeev Misra, the chief executive of SoftBank’s $100 billion Vision Fund, told the CogX conference in London this week that WeWork was in the process of raising capital at the newly disclosed valuation and predicted it would be worth $100 billion in …read more

Source:: Business Insider


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