Turning a research backlog into same-day investment memos
A research and knowledge system that drafts fully cited investment memos from filings, transcripts and internal deal history, with compliance checks built in.
- Client
- Kestrel Capital
- Industry
- Financial services
- Duration
- 8 weeks
- Services
- AI Strategy, AI Agent Development, System Integration
- More opportunities screened
- 3.4×
- Memo turnaround, down from six
- 1 day
- Figures cited to source
- 100%
- Saved per analyst every week
- 11 hrs
Where the work was stuck.
Kestrel’s analysts spent most of their week gathering information: filings, earnings call transcripts, broker notes and years of internal deal memos spread across drives.
A first-pass investment memo took around six days, which meant the team could only screen a fraction of the opportunities in its pipeline.
- To a first-pass memo
- 6 days
- Of analyst time spent gathering data
- 60%
- Opportunities properly screened
- 1 in 4
What Cortex built.
We built a private research system that indexes filings, transcripts, broker research and Kestrel’s own deal history, with permissions mirrored from existing access controls.
A research agent drafts structured memos in Kestrel’s house format, citing every figure to its source, and runs compliance checks before analysts review and refine.
How the system works, step by step.
- 01Trigger
Analyst request
Company or sector brief
- 02System
Retrieve sources
Filings, transcripts, deal history
- 03AI agent
Research agent
Drafts a cited memo
- 04AI agent
Compliance check
Restricted lists and disclosures
- 05Human
Analyst review
Edits and adds judgment
- 06Action
Publish
Shared to the deal room
Memos now arrive the same day, every claim is traceable, and the team screens more than three times as many opportunities without adding headcount.
The memos are better than our old first drafts, and every number links back to where it came from. That is what earned the trust of our investment committee.
Aurel Retreats
Personal guest service at every property, around the clock
Facing a challenge like Kestrel? Let’s talk.
Book a 45-minute consultation. We will map your highest-value automation opportunities and show you what a first system could look like, at no cost.
