ExtractAlpha, a provider of alternative data and analytics solutions to hedge funds and other asset managers, has acquired ESG Analytics, a platform offering real-time, actionable insights into environmental, social, and governance (ESG) metrics.

This acquisition strengthens ExtractAlpha’s commitment to expanding its data-driven solutions, enabling clients to harness cutting-edge ESG insights for enhanced decision-making.

The addition of ESG Analytics to ExtractAlpha’s portfolio provides clients with deeper, real-time analysis of sustainability factors, offering robust tools for managing ESG risks and capturing opportunities in responsible investing. ESG Analytics leverages machine learning and alternative data to deliver a comprehensive view of a company’s ESG performance, empowering investors to align their portfolios with sustainability goals while optimising returns.

As part of the deal, ExtractAlpha has also appointed Qayyum “Q” Rajan, the founder of ESG Analytics, to lead the newly established ExtractAlpha Labs, which will develop new data-driven solutions and bring ExtractAlpha’s quantitative investing tools to new market segments.