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Data enhancements
In June, we focused on enhancing our allocator data and tagging. 79% of our allocator holdings are now mapped to a manager in our system, up from about 30% a year ago. We expect this to continue to increase as we add more managers to the system that are already tagged in our data. In addition, 31% of the managers in OWL now have a disclosed investment from an allocator. We expect that number to increase as we continue to build our allocator database.
We also added 1,618 managers to the platform in June, bringing the total number of managers to 10,109 as of month end.
New/Updated Features
Updated Allocator Pages
A big priority for June was updating and enhancing our allocator profile pages. In addition to basic information (AUM, location) and holdings when available, allocator profiles now include a description, website, LinkedIn pages, etc., similar to our manager profiles. The release at the end of June was our first iteration, and we expect these profiles to continue to improve over time as we pull in more data.
On allocator holdings pages, users are now able to see beyond the two years of history that we previously showed. For any investment into a manager, you can click on the current investment amount and see the history of changes going back several years.
For allocators with holdings and mappings to OWL managers, we’ve added a portfolio view that shows an equal-weighted view of the portfolio, including performance and exposures across the portfolio:
Shorts Holdings
Shorts, especially in Europe, are some of the highest quality filings in the world. In June, we added in the ability to see a manager’s disclosed short positions on their portfolio pages by clicking on the “Short” tab:
For any given stock, users can now also see the managers that are short by selecting the “Short” tab as well:
We think knowing what stocks a manager is short is an incredibly valuable data point when doing diligence, and we expect to further integrate this information into the OWL platform over time. As a reminder, all returns shown in OWL are still the returns of the manager’s publicly disclosed long positions.
New Manager Scorecard
To help in manager search and discovery, we’ve added several filters to the main manager scorecard. Users can now filter for data points like confidence score, position count, and market value when searching for managers. As a reminder, we added the confidence scores in April based on user feedback, to help users understand how close OWL’s estimate returns might be to the manager’s actual returns:
Usability and Speed
In June, we also improved a number of features in OWL to be more user-friendly. A couple of examples of that include faster loading times for the location search (especially in very popular places like New York City) and the historical shares view. We also updated the site’s search functionality to make it easier to find a given manager, allocator, or stock using the first few letters of the name. On the historical shares view, we also added the ability to search within the positions to more easily isolate a given stock. Many of these smaller improvements, in addition to the larger feature releases, were based on user feedback and suggestions. Please keep sharing your ideas and pain points and we will continue to build those ideas into our product roadmap!
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