george evans convergence

Convergence is the first firm to capture, normalize and enrich one hundred percent of all Registered Investment Advisors’ Form ADV, Brochure and Supplemental Schedule information filed with the SEC. George Evans, Convergence co-president, said no other American city comes close to the activity Miami is seeing with respect to attracting new finance tenants. Mr. George Evans, co-president of Convergence, Inc., is a senior executive with experience in data analytics, business development, strategic project management and many other areas. The event’s discussion examined the following topics: Managers of hedge funds and other alternative-investment vehicles are almost as likely to employ multiple administrators as they are to use just one. SOUTH NORWALK, Conn., Feb. 24, 2020 /PRNewswire-PRWeb/ -- Convergence Inc. has released the annual results of their 2019 survey focused on Operational Due Diligence (ODD) practices and processes with respect to investment allocations by institutional investors to alternative assets. According to the company, the product is based on expense disclosures sourced from over 10,000 registered investment advisors that are normalized, categorized and grouped by manager type, primary investment strategy and size. That’s closer than expected to the 30% who farm out back-office functions to a single vendor. Jasmina Arifovic & George Evans & Olena Kostyshyna, 2013. Redding, CT – July 14, 2014 – Convergence, an information and advisory services provider to Alternative Asset Managers, Service Providers and Investors, announces its 2014 product update. Benchmark your growth as a Service Provider to the Market and select Competitors, Outsourced Data Science Second, one can compare the performance of different policy rules under the learning dynamics. Our founders and senior leaders have 100+ years of experience leading growth and risk management agendas at the world’s leading asset management firms. Simon Harnest The paper we heard George Evans present, which I will return to below, highlights the convergence properties of different learning processes and thus emphasizes one aspect of the problem. For more information visit: http://www.convergenceinc.com or contact George Evans at gevans@convergenceinc.com or 215-704-7100. What’s more, economies of scale dictate that those costs are proportionally higher for smaller shops. George Evans. Focused on Operating, Compliance, Vendor and Regulatory Event Risk, Enterprise Data Partnership And 4,000 of those 6,200 managers have outsourced some portion of their middle and back office.” When it comes to the question of whether to outsource, the answer may be determined by size or by economics. Directory of Profiled Business People: George Evans Evancho, Robert - Evatt, Nicole > Evans, Fredrica - Evans, Ginger > Evans, Georganna - Evans, George > Evans, George 1-25 of 159 Contacts George Evans, CFA Senior Vice President, Fixed Income & Volatility Strategy Head ... Co President - Founder and Chief Revenue Officer at Convergence Inc. New York, NY. The statistical convergence has been studied as a summability method by many researchers such as Fridy [3], Freedman et al., Kolk, Fridy and Miller , Fridy and Orhan[5,6], and Salat. He graduated from the University in 1982. Incorporated: V.P. Two former Apollo Global Management executives and a one-time GlobeOp professional have launched a consulting firm that aims to help hedge fund managers cut costs. At some level, the current modeling approach starts with the Kydland-Prescott (1982) work on real business cycles. Seppo Honkapohja & George W. Evans, 1996. Company is located in the register under the national Company number 1100916. “Convergence’s mission to provide an independent view of data to shape an optimal infrastructure model for Managers, Service Providers and Investors remains our focus,” stated Convergence co-managing partner, George Evans. Principal Consultant . This core data is updated daily and supplemented with public domain intelligence relevant to the RIA. George Evans. Simon Harnest. They’re pitching their services both to fund operators and administrators, with an emphasis on offering operations-focused data and advice. As the Retirement Programs Manager for Sonepar USA, a global electronic distribution firm with US operations headquartered in Charleston, SC, Annette is responsible for Sonepar’s U.S. qualified and non-qualified retirement plans. Research and Advisory provides for market analyses, segmentation and best practices. More information can be found at http://www.convergenceinc.com or by contacting George Evans at gevans(at)convergencinc.com (215-704-7100) for additional inquiries or questions pertaining to Convergence, its products or this ODD survey. Custom Lead generation and targeting of the Market, Clients at Risk Our Clients George Evans, Co-President Convergence understands that investment and business model complexity drive operating risk and cost for institutional investors, … See how our data and research will optimize your business model. Clients can purchase the data and related analytical tools, or can engage the firm as an advisor, to compare their operations to those of similar firms and look for ways to become more efficient. We focus on the early detection and remediation of non-investment risk within and across managers in your portfolio and the market by adopting a daily monitoring and analytical culture. Convergence, LLC, provides data products, analytical tools, and advisory and research services to Alternative Asset Industry Managers, Service Providers and Investors. At the Strategy level, Multi-Strategy advisors disclose 46 unique expense categories, the most of any of the 30 investment strategies tracked by Convergence, resulting in the greatest differential between the median and maximum expense category count within a strategy.”. Augment your internal team with Convergence expertise, Regulatory Event Analyses A Harvard economist looks at some of the relationships in economics and the markets that don’t work anymore, how they apply to the U.S. economy and what that means for her outlook for the U.S. in … What do investors think about outsourcing? “Investors using the tool should be able to engage their managers in a more complete conversation about the management fees they pay and the expenses they may expect to incur, relative to what other advisors may be charging,” notes Phinney. Increasing Returns, Learning and Beneficial Tax Competition, Journal of Public Economic Theory 2007, vol.9, 927-958; with Arja Turunen-Red. Convergence recently updated its website to reflect the firm’s enhanced product capabilities for Asset Managers, Administrators, Audit Firms, Financial Technology Firms, Recruiters, Investment Management Consultants, Investors, Banks, Colleges and Universities and Individual subscribers. Company. Convergence was founded in 2013 by former executives of JP Morgan, Apollo Global, GlobeOp Financial, BISYS, Fidelity Alternative Investments, Bank of America, Arthur Andersen, KPMG, and MFS Investments who sought to fill a void in data, research and analytics coverage of the Alternative Investments space. Contact Information: Convergence LLC George Evans … Convergence focuses on a manager’s infrastructure including fund and management company accounting, investment operations, risk management, marketing materials, investor relations, tax, compliance, technology and service providers. ODD – Non-Investment Risk We believe educated clients challenge us to be better each day. Convergence provides unprecedented TRANSPARENCY and INSIGHTS into what is taking place DAILY in an industry that has gone mainstream. Our Focus on Education We have over 100 clients who face myriad challenges in the market.  We deliver them a steady stream of new insights, products and enhancements based on their feedback. We care about each dollar that you spend with us and work to ensure that you achieve your goals with our data and create a positive return on investment. According to George Evans, co-managing partner with Convergence LLC: “Of the roughly 14,000 RIAs we’re following, 6,200 of those firms are unique managers of private funds. SOURCE Convergence Inc The formal results provide probability bounds for convergence which can be used to describe the local stability under learning of rational expectations equilibria in … Our Business Rules and Algorithms We apply data science techniques to our data to discover “risk transactions” and “signals” that we can use to “get-out-in-front of and remediate non-investment risk early. Human Resources. "The dataset identifies the type of affiliated entity, the geography in … with George W. Evans. Journal of Macroeconomics 2007, vol.7, Iss.1 (Advances), Article 3; with George W. Evans and Ramon Marimon. Convergence Co-Managing Partner George Evans discusses the question of outsourcing data management for a JP Morgan report. George Evans Professional Records Browse George's professional profiles below to see current job title, work email address, place of employment and phone number. The Convergence offering maps 600,000+ entities and 700,000 senior executives to investment advisers. Ability to reference all entities and individuals in the Convergence database, Competitive Assessment Convergence’s database contains the most comprehensive set of infrastructure data available in the market. Our Attitude Towards Risk and Compliance Big Data is a Treasure Worth Mining (JP Morgan Report), Convergence Launches the Fund Expense Practices Analyzer Service, Convergence Releases New Product Suite, New Website, The Future of Outsourcing (JP Morgan Seminar), Multiple Administrators in Vogue (Hedge Fund Alert), Operations Pros Promise to Cut Clients’ Costs (HedgeFund Alert). “Our early experience with clients helped us shape the future direction of the firm,” co-managing partner John Phinney stated. President at Convergence. "These teams are using our data to identify red-flags that can emerge during and after the due diligence process." We believe that most non-investment losses can be significantly reduced, and our goal is to help you identify and limit financial losses and reputational harm driven by non-investment risk. Convergence Co-Managing Partner George Evans discusses the question of outsourcing data management for a JP Morgan report. Analyses of Administrator and Audit firm books for client/peer group historical behavior, M&A Support Convergence, a provider of database, custom research and advisory services to the alternative asset manager industry, announced the launch of its Fund Expense Practices Analyzer service. Contact George Evans at gevans@convergenceinc.com for more information how our tools and models can help you meet your CP86 requirements. The firm’s data is unique because it is enriched by subject matter experts and provides best practices based on carefully selected peers. 128,000 lines of code have been written to create 350+ business rules and proprietary algorithms, all trained to identify non-investment risk conditions of interest for our clients. Apollo Global Management-Fund Group: CFO/COO, Fidelity Alternative Investments: Director of Operations, GlobeOp Financial, Outsource Partners International BISYS Financial Services: Global Head of BD, JPMorgan Investor Services: Senior Vice President, Tata Consultancy Services: Assistant Business Consultant & Project Manager, British Telecom [through TCS]: Lead Business Analyst & Solution Architect, Ericsson [through TCS] : IT Systems Engineer and IT development team leader, Gravitas: Finance & Business Performance Analyst, Apollo [through Gravitas]: Business Analysis & Reporting, Iron Mountain: Acquisition Accounting Manager, Citibank-Head Capital Introduction (Americas), Morgan Stanley – Head Capital Introduction (Americas), Texas Alternative Investment Association-Advisory Board, Bear Stearns – Managing Director of Transition Management, NYSE-Floor Official and Member Judiciary Hearing Panel, Bank of America – Head of Global Equities Reference Data and Client Delivery, Merrill Lynch: Portfolio Risk Analytics Technology Head, ITG: Senior Product Manager Market and Reference Data, Nicholas Applegate: Market and Reference Data Head, Atlas Data: Chief Executive Officer and Co-founder, J. In a recent CALPERS press release, Ted Eliopoulos, interim Chief Investment Officer at CalPERS stated, “One of our fundamental investment principles is that cost matters,” noting that hedge funds are “an expensive investment vehicle, especially at our scale.”, According to Convergence’s George Evans, “Our data confirms CALPERS view on expenses and shows large differences between the types of expenses disclosed by Advisors of similar sizes and types. See how our data and research will optimize your business model. The Convergence approach creates value for clients by helping them research, understand infrastructure expenses, identify opportunities to increase market share, ensure practices are consistent with best in class peers, select service providers that best support strategic business goals, enhance investor due diligence efforts, perform difficult custom research and provide ongoing education. That's The One. The company has 2 principals on record. An Experimental Investigation in a Simple General-Equilibrium Model,"Staff Working Papers13-14, Bank of Canada. Email: Kaushik.Mitra@st-andrews.ac.uk. is a business legal entity registered in compliance with the national legislation of the State of Connecticut under the legal form of Domestic Limited Liability Company. George Evans, Convergence Inc, (215) 704-7100, gevans@convergenceinc.com. The Economic Crisis of the 1990’s in Finland, Economic Policy, … Also, some ... George Evans Keywords: open access, proceedings, template, fast, affordable, flexible Gene Donnelly, John Phinney and George Evans quietly set up Convergence in April, but didn’t officially open the Fairfield, Conn., operation for business until this month. According to a study that Citigroup’s prime-brokerage unit released in December, fund operators spend $14.1 billion per year, or the equivalent of 0.65% of total industry assets, on marketing, investor relations, risk management, compliance, technology and business management. A combined 120 years of industry experience coupled with our leading technology has rapidly brought Convergence to the forefront of RIA infrastructure best practices and transparency. The Convergence product suite consists of Institutional Analytical Tools and Individual Analytical tools delivered via a web-enabled portal or direct download file interfacing with in-house and CRM systems. For more information on Convergence, please visit www.convergenceinc.com. George Evans, Partner and Senior Managing Director Convergence 1150 Post Road #3 ... www.convergencellc.us. Donnelly was chief financial officer of Apollo Global Management from July 2010 to August 2012, while Phinney held the same title at Apollo Fund Group from March 2008 to March 2013. Our service delivery model is flexible and based on a “push-pull” approach based on your needs. vol.11, 665-690; with George W. Evans. * Corresponding author. George Evans is the President at Convergence based in Norwalk, Connecticut. Stable Sunspot Equilibria in a Cash-in-Advance Economy, The B.E. Convergence provides analytical data, benchmarking, custom research and advisory services to the Alternative Asset Management industry. Evans, George W. & Honkapohja, Seppo, 1998. CONVERGENCE L.L.C. Other topics which will be covered include: Multi-year view of private capital flows, and recent shifts; Trends in rates of fund formation Ad-hoc that can look at market – trends –targeting – competitors etc. George Evans, Co-President of Convergence Inc. Marc der Kinderen, Managing Partner of 747 Capital; The panel will present an overview of recent private equity marketplace developments and discuss nascent trends. George Evans. According to George Evans, co-managing partner with Convergence LLC: “Of the roughly 14,000 RIAs we’re following, 6,200 of those firms are unique managers of private funds. The data enables clients to objectively research, compare and extract enriched data points to a fully defined peer group. Outsourcing certainly remains vital to the hedge fund industry. Convergence provides unprecedented TRANSPARENCY and INSIGHTS into what is taking place DAILY in an industry that has gone mainstream. In conjunction with subscription, data feed to CRM/Data Warehouse, Independence Testing – Client Acceptance Testing Our Business Focus Twitter, Facebook. Kaushik Mitra* – George W. Evans** – Seppo Honkapohja*** Policy change and learning in the RBC model The views expressed in this paper are those of the authors and do not necessarily reflect the views of the Bank of Finland. The expense disclosure database is updated with every new brochure and Customers will receive updates annually, or more frequently based on the service level purchased. Contact us to set up a demo today! Visit the HedgeFund Alert website to view this article. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Evans most recently headed business development at recruiting shop DAK Intelligent Search and DAK affiliate Gladstone. "Convergence of learning algorithms without a projection facility," Journal of Mathematical Economics, Elsevier, vol. Our data sourcing is continuous and includes a variety of sources from which we create original content that infuse with meaning.  We hold ourselves to a 95% data accuracy standard. “Leveraging our significant experience in the Alternative Asset Management industry, the Convergence team brings an insider’s perspective to Managers, Service Providers, Higher Education and Individuals focused on the Alternative Asset Management Industry.”. That's The One. Clients include asset managers, administrators, audit firms, financial technology firms, investment management consultants, prime brokers, custodians, investors, compliance firms, recruiting firms, colleges and universities and individual research. George Evans, Co-Managing Partner of Convergence, recently spoke at a JP Morgan event, “The Future of Outsourcing,” along with panelists from KPMG, Cerberus and Lyxor. Your Return on Investment Sagacious Consultants . George Evans Co-President. Outsourcing cer tainly remains vital to the hedge fund industry. School of Economics & Finance, University of St Andrews, UK. For example, a firm that wants to move into a new asset class might assign a staffer on its trading desk to research the area and implement the needed infrastructure. Our Use of Data Science For example, while 92 percent of all advisors disclose Fund Accounting and Administration expenses, only 3 percent disclose Risk Management. Convergence will be sharing its data-driven findings and best practices that can help Designated Persons improve their assessment of risk within Delegates at the upcoming Funds Ireland MinCon on November 2, 2020. Target Identification and Due Diligence support, Custom Research Convergence provides unprecedented TRANSPARENCY and INSIGHTS into what is taking place DAILY in an industry that has gone mainstream. 30(1), pages 59-86, August. We provide initial and ongoing training to help you use our data and insights more effectively. The firm is the only data provider that captures and enriches one hundred percent of a Manager’s ADV file information with proprietary technology that also uses publicly available information to create content relevant to its clients’ business needs. George Evans University of Oregon and ... an REE guarantee convergence of learning. George F. Evans Co President - Founder and Chief Revenue Officer at Convergence Inc. New York, New York 500+ connections Get Full Access To George's Info Staffing data can be broken down according to the duties of the employees. Contact us to set up a demo today! A third aspect is the properties of the dynamic learning paths following a change in The principals are George Evans from South Norwalk CT and John Phinney from South Norwalk CT. CONVERGENCE, INC. Journal of Economic Dynamics and Control, 2006. Our Expertise Convergence provides unprecedented TRANSPARENCY and INSIGHTS into what is taking place DAILY in an industry that has gone mainstream. The new website helps clients understand how they can better utilize Convergence data, advisory and research services to achieve revenue, product and expense goals.”. The effort is aimed at capitalizing on a desire among hedge fund managers to reduce their operational expenses, in part by taking over tasks that administrators aren’t always equipped to handle and often are handed off to high-paid employees. ‘Match’ High Risk Business Risk factors associated with Advisor regulatory infractions, Sales Advisory Our Data and Informational Assets An analysis that Convergence provided to Hedge Fund Alert found that 25% of hedge fund, private equity fund and real estate fund operators work with two or more administrators. Convergence for Difference Equations with Vanishing Time-Dependence, with Applications to Adaptive Learning, Economic Theory, 2000, vol.15, 717-725; with George W. Evans. Gladstone Associates: Managing Director; GlobeOp Financial, Outsource Partners International BISYS Financial Services: Global Head of BD; JPMorgan Investor Services: Senior Vice President; The Prudential: Assistant Treasurer View the Hedge Fund Alert article, “Multiple Administrators in Vogue” here (p.5). Abstract: Drawing upon recent contributions in the statistical literature , we present new results on the convergence of recursive, stochastic algorithms which can be applied to economic models with learning and which generalize previous results. The company's principal address is 50 Washington Street Suite 901, South Norwalk, CT 06854 and its mailing address is 50 Washington Street Suite 901, South Norwalk, CT 06854. & W. Seligman & Co. What functions are better retained and not outsourced? ... Convergence, Llc . "IDD, ODD and Risk Management teams at several Pension plans and Fund of Funds have already adopted "I-RISK" platform to supplement their pre-and-post operational due diligence efforts," said George Evans, Founder of Convergence. “Complex operating models do add risk, and unnecessarily complex models can add unnecessary risk,” says George Evans, Co-President at Convergence, noting that Convergence estimates that as many as seven percent of asset managers may be under major operating model stress at … Before that, he held the same title at GlobeOp, Bisys and J.P. Morgan. issue going forward. Our Service Delivery Model Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. "Convergence of Learning Algorithms without a Projection Facility," CESifo Working Paper Series 109, CESifo. Job Title. The firm’s analytical products include The Manager Profile, Key C-Suite Executives, Manager Benchmarking, Market Share Analyzer, Client Benchmarking Analysis, Business Development Targeting, Time Series Analysis, Material Event Analysis, Fund Expense Practices Analysis, Regulatory History Analysis, Talent Acquisition Manager and Manager Profile – Individual. The product provides empirical data that gives Advisors and Investors a view on common and uncommon expense disclosures and their use by advisors and peers. "Are Sunspots Learnable? Klaus Adam Survey participants included a cross section of institutional investors with respect to type of investor … "Complex operating models do add risk, and unnecessarily complex models can add unnecessary risk," says George Evans, co-president at Convergence, noting that Convergence estimates that as many as 7 per cent of asset managers may be under major operating model stress at … For more information on Convergence please visit www.convergenceinc.com. The database contains 9,600 SEC-registered investment advisors, with an emphasis on the biggest 475 based on regulatory assets. Our clients consume our data and content in multiple ways. For example, Convergence has compiled a “benchmarking” database on the levels of staffing and infrastructure that hedge fund managers maintain in relation to their sizes and strategies, using information from public documents and interviews with the operators. “Re-launching the website reflects Convergence’s continual enhancement of its products to meet the needs of our clients. The firm captures 100% of RIA regulatory filings and supplements daily through internet based news, creating unique information-based observations for 14,000 Registered Investment Advisors, 6,900 Private Fund Advisors, 6,200 unique Manager families and  40,000+  funds along with 145,000+ key C-Suite contacts and 1,000+ unique service providers. “The release of the Fund Expense Analyzer is quite timely in light of CALPERS announcement to reduce the Plan’s stake in Hedge and Fund of Fund Advisors, said John Phinney, Convergence’s Co-Managing Partner. What is the data model with administrators. Dennis McGonigle, University of Scranton '82 Convergence also plans to supply staffers to perform related work that many managers regard as clerical tasks. Utilizing the Convergence database, Managers, Service Providers and Investors can solve critical infrastructure needs, focusing on revenue, product and growth.

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