Squaring the pitch:GS quants train computers to compare annual reports - 1.5 Billion pages instantly

Squaring the pitch: Goldman Sachs quants train computers to assess annual reports
Sep 10 2017
http://www.afr.com/business/banking...ters-to-assess-annual-reports-20170906-gycbf2

When deciding to invest in a publicly listed company, many investors begin by reading the numbers and words contained in the annual report. But what if you could read 1.5 billion pages of annual reports and compare them all, in an instant?

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As the unit's funds deliver market beating returns, the quant story is resonating again. GSAM's QIS unit, has seen its assets triple from $40 billion to $120 billion since 2012. This year alone $15 billion has flown into its fund.
 
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