The Canada Pension Plan Investment Board is partnering with New York-based data encryption firm Inpher Inc. to create a private network of asset managers and data contributors.
The network will allow the CPPIB to derive insight from distinctive data sources to enhance investment research and generate returns above industry benchmarks, according to a press release, which noted the network will provide faster and more precise analysis of macroeconomic trends, as well as enhanced understanding and prediction of company fundamentals and competitive dynamics.
Read: More standards required for pension funds using ESG data, indices and scores
“Working with Inpher to leverage their technology to access non-public data sources aligns with our objective to enhance our informational edge and generate value for the CPP fund over the long run,” said Daniel Wroblewski, managing director and head of the CPPIB’s alpha generation lab, in the release. “As some data sources become more mainstream, we seek to be a leader in finding and putting to work novel data that allow us to create differentiated insights.”