We use AlphaSense to make decisions much quicker right now, which helps us save resources. It also helps us to combine data much quicker and exchange information better across the team, and this means we can make better decisions for our clients.
At A Glance
The Challenge
- ‘Information overload’ as a result of tools like Bloomberg and FactSet delayed real-time investment decision-making
- Lack of AI slowed market trend analysis and generated inefficiencies with research workflows
- Difficulty surfacing high-quality investment insights hindered overall ability to stay competitive
The Solution
- Centralized data sources enable broader trend analysis and optimize competitive intelligence
- Increased efficiency in identifying market leaders with AlphaSense Generative Search saves portfolio managers 4-5 hours weekly on their research
- Reduced blind spots from continuous AI enhancements provide quick, insightful answers to support confident investment decisions
The Company
ODDO BHF is a leading independent European financial services group specializing in private banking, corporate banking, and asset management. As one of the largest private banks in Germany, the firm combines strong local expertise with a global outlook, offering tailored financial solutions to its community of over 60,000 private clients and institutional investors. Renowned for its entrepreneurial spirit and promise to ‘promote a world where every day is an opportunity,’ ODDO BHF is cemented as a leader in the European financial landscape.
Overcoming ‘Information Overload’
As investors with high-quality standards, ODDO BHF relies on comprehensive insights to make faster and better-informed decisions than their competitors. “One of the most important things for banks is to stay competitive, which means you have to be efficient,” according to Jan Viebig, ODDO BHF’s Chief Investment Officer. Their market research process involves regularly analyzing multiple data sets, earnings calls, corporate filings, news reports, and other sources to complete their due diligence and select the most promising companies worthy of investment.
Traditionally, the team’s asset managers relied on various tools like Bloomberg, FactSet, and Google searches to base decisions from. However, given the significant ‘information overload’ that resulted across these platforms, the ODDO BHF team began to notice research inefficiencies that hindered their ability to understand market trends in real-time, often delaying important investment decisions that could impact their competitive standing in the industry.
Accelerating Insights and Removing Blindspots With Generative AI
In search of a solution that could centralize disparate data systems into one tool, ODDO BHF identified AlphaSense as a crucial partner to streamline insights and ultimately boost their status as an industry leader. Operating in the fast-paced, competitive finance industry, the team found it imperative to be one of the first European banks to use AlphaSense for research and portfolio management. With minimal setup time, ODDO BHF began realizing the ROI almost immediately. With the ability to combine different data sources into a single platform, Viebig remarks that the firm is “much quicker to understand market trends and derive competitive intelligence out of data.”
If you want to understand certain trends in financial markets, you need to understand which companies are leaders in these fields. AlphaSense can help you tremendously here, because you type in a certain word and you find trends to analyze much quicker than before.
Since adopting AlphaSense two years ago, the ODDO BHF team has observed significant platform growth in AI. According to Jonas Eisch, Portfolio Manager at ODDO BHF, the most notable AI enhancement to date is the release of AlphaSense’s Generative Search. Being able to ask questions and receive instant answers curated from AlphaSense's industry-leading content library has been instrumental in reducing research blind spots and informing confident decisions around investment prospects. By integrating AI into their everyday research workflows, Eisch estimates that each portfolio manager saves at least 4-5 hours a week by using AlphaSense.
AlphaSense’s Generative Search is the next big thing for us in how we use the platform because it allows us to ask the platform questions and quickly get good answers. It saves us a lot of work and time in our research process, especially in the beginning stages of investigating a company.
Looking Ahead
Having experienced AlphaSense’s growth trajectory as a leader in AI over the past few years, the ODDO BHF team is eager to utilize the platform further to maintain a competitive edge in the market. Key developments in AI will continue to enhance their research capabilities and support a more dynamic investment strategy.
