JPMorgan Chase & Co. remains the top research provider in the eyes of hedge funds.
Hedge fund respondents to this year’s All-America Research Team survey once again aligned with their long-only peers in choosing JPMorgan as their favorite source of sell-side research. Forty-one JPMorgan analysts and analyst teams won team positions in the All-America Research Team: Hedge Fund Cut, including 10 who earned a spot on the coveted first team.
The hedge fund-centric ranking differs from the broader All-America Research Team on a few notable points. For one, hedge funds were more favorable toward Morgan Stanley analysts, ranking the firm second over Bank of America Merrill Lynch, which came in third. But the most divisive firm was Goldman Sachs. It ranked eighth among hedge funds — but placed only 16th in the broader survey.
Some 3,900 investment professionals at 1,359 institutions responded to the larger All-America Research Team survey. The Hedge Fund Cut is based on responses from 1,190 hedge fund professionals. It represents the views of 557 hedge fund firms managing an estimated $1.7 trillion in U.S. equities.