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Buy-side Analyst




A buy-side analyst typically works in a mutual fund, pension fund, or other non-brokerage firm, and provides research and recommendations exclusively for the benefit of the company's own money managers (as opposed to individual investors). Unlike Sell-side recommendations and reports—which are meant for the analyst's brokerage firm's clients, and the broad outlines of which the press often widely disseminates—buy-side recommendations are not available to anyone outside the firm. If the buy-side analyst stumbles upon a formula, vision, or approach that proves effective, it is kept secret.


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REFERENCES

  • Groysberg, Boris, Healy, Paul M., Chapman, Craig J. and Gui, Yang (August 2005), ''Do Buy-Side Analysts Out-Perform the Sell-Side?'', AAA 2006 Financial Accounting and Reporting Section (FARS),

  • Buy Side at Investopedia.com's dictionary