| Total Alternatives: SEC Blog Ruling Puts Screening Co. In Spotlight | ||
| by Sarah Ilene Klein | ||
| August 8, 2008 - With the recent U.S. Securities and Exchange Commission ruling that Website postings are an acceptable form of corporate public disclosure, Sunnyvale, Calif.-based SkyGrid believes its services may be more useful than ever to hedge fund managers. SkyGrid is a web-based tool that gathers and sorts financial information according to subject, sector, sub sector, sentiment and other search parameters.
Industry veteran Buzzy Geduld, CEO of Cougar Trading, which runs a long/short equity hedge fund, said that both analysts and traders at Cougar use SkyGrid and are finding it tremendously useful. “Investing is predicated on good and sound information and it’s important to get the information as quickly as it is disseminated,” he added. Pomplun said that SkyGrid is constantly evolving as users make suggestions for what would make it more effective. |
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