Author Sanford Bragg

Sandy Bragg is a principal at Integrity Research Associates. He has over thirty years experience as an investment research professional. Prior to joining Integrity in 2006, he was an Executive Managing Director at Standard & Poors, managing S&P’s equity research business and fund information properties. Sandy has an MBA from New York University and BA from Williams College. Email:

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Gerson Lehrman Continues to Expand in Asia

Leading expert network GLG (Gerson Lehrman Group) is boosting its presence in Asia as European hiring levels have dwindled.  Business development positions have surged, suggesting that GLG is seeking to ...

Quantifying Research ‘Juniorization’: Over 78 Centuries of Knowhow Lost

Asset managers gripe that senior sell-side analysts are increasingly replaced with less experienced staff, a phenomenon measured by a recent Substantive Research study which calculated a net loss in analyst ...
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Alternative Data Rivals Recruit Former 7Park Data Staff

The demise of alternative data distributor 7Park Data created a windfall for competitors such as M Science, Consumer Edge and YipitData, which have been hiring former 7Park employees and wooing ...

StoneX Invests in Tigress Financial Partners, Partly for its Research

StoneX Group (formerly INTL FCStone) acquired a minority interest in Tigress Financial Partners, a boutique investment bank which is a Women-Owned Business Enterprise (WBE). The move appears largely motivated to ...
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Commission Rates Rose During the Pandemic Then Resumed Inexorable Decline

Higher trading volumes at the start of 2020 led to an increase in commission rates in the US but by year end rates had returned to pre-pandemic levels, according to ...
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New Web Data Firm Targets Retail Investors

Quiver Quantitative, a web data provider founded last year by two college students, was set up to make alternative data accessible to individual investors. Its data on WallStreetBets has also ...
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2020 Bulge Bank Equities Results: US Banks Prosper at Expense of Non-US Banks

Thanks to a pandemic-induced surge in trading, equities revenues for the nine largest equities franchises soared 20% in 2020 to $49 billion from $40.6 billion a year ago.  However, not ...
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LinkedIn: Modest 2021 Increase in Equity Research Analyst Compensation Despite Increased Usage

Although research interactions have surged during the pandemic, equity research compensation remained little changed in 2021 from 2019 levels, according to statistics collected by LinkedIn.  Median bonuses increased from $24,000 ...
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Over Two Dozen Banks Have Exited or Restructured Equities Units

Commerzbank’s recent plan to shut down its equities unit is part of a broader trend of restructuring the low-margin business.  By our count, twenty-five banks have re-engineered their equities units ...
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New Short-Only Research Firm Rejects ‘Activist’ Business Model

As 'activist' research firm Citron Research shuts down its short research after being targeted by retail investors, a new short ideas firm, The Bindle Paper, is embracing a subscription-based revenue ...
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