Creating ForecastOS with Delphia
Why did Delphia create and spin-out ForecastOS Inc.?
As the founder of ForecastOS Inc., and a former entrepreneur in residence at Delphia, I get asked this question at a lot. Below is my attempt to answer how and why this all came to be.
In the world of multi-manager hedge funds, a new paradigm is on the horizon. A paradigm that isn't just about having assets allocated to your strategy, but about having access to a platform with proprietary tools and data to better run your investment strategy.
Delphia is striving to build such a platform; one where membership makes alpha, and not just capital, easier to come by for portfolio managers. But building a compelling multi-manager investment platform is hard, and much has to be offered to support would-be PMs, like:
- robust backtesting and portfolio construction / optimization software - for vetting strategies with alpha, backtesting improvements, and building portfolios,
- tools for visualizing, managing, understanding, and analyzing investment processes, with enterprise-grade access management, and
- access to fundamental data for forecasting financial outcomes.
Beyond what is required, many nice-to-haves can save PMs time and money, like:
- out-of-the-box systematic / quantitative investment strategies to start from and augment,
- pre-engineered features for forecasting, and
- low-cost datasets.
In navigating these challenges, Delphia identified the need for a specialized entity focused solely on building essential software and fundamental datasets for systematic investors: ForecastOS.
So there you have it: why Delphia created and spun-out ForecastOS.
Our journey, while distinct from Delphia, is a continuation of our shared vision.