Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System slide image

Massachusetts Water Resources Authority (“MWRA”) Employees’ Retirement System

Data & Analytics Process Our vertically integrated approach to acquiring, processing and analyzing data enables our Team to reach independent, unique conclusions. ● ● ● Acquisition Our differentiated approach begins with data acquisition-we focus on gathering data to understand the long-term competitive advantages of companies and value chains. We initiated robust due diligence on over 130 potential data vendors to select, so far, more than 25 diverse datasets, including those generated by consumer credit card transactions, app and web usage and airline schedules. In addition, we generate proprietary data internally through custom surveys. For example, have conducted an ongoing dental survey to assess trends in practice consolidation and its impact on industry pricing. As of September 30, 2020. ● ● Data Acquisition Data Analytics Data Processing Processing We have developed machine learning tools, which include Natural Language Processing models, to help us enrich and process data. These models will enable deeper analyses, ranging from the ability to assess the sentiment and authenticity of employee reviews to matching products across websites at scale. We have built a scalable cloud infrastructure to ingest and quickly analyze our considerable-and growing- amount of data (over 25 terabytes). Analytics We collaborate with investment Analysts and the Qualitative Field Research Team to triangulate information from multiple sources and inform investment decisions. Examples include analyzing customer churn in online streaming services using US consumer transaction data, as well as surveying over 100 US veterinarians to understand various aspects of the value chain including shifting market share dynamics and the impact of COVID-19. In addition to Analyst-directed data projects, we have created over 30 custom dashboards to date that enable Analysts to directly access data. For example, the Team built models to study COVID-19 infection curves, which helped us to navigate the global spread, control and economic implications of the virus. In the first nine months of 2020, we have completed projects on approximately 40% of the top 10 positions across the Firm's strategies. 14
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