Strengthening Thematic Risk Management with Noonum

Today, we announced our new partnership with Noonum, a leading provider of language-based investment intelligence. This partnership reflects our continued focus at Omega Point on making thematic risk management more accessible, responsive, and actionable for institutional investors.

Over the past two years, we've seen a dramatic increase in market events that move faster than traditional models can typically absorb, from geopolitical flashpoints like the Israel-Iran conflict, to sudden regulatory or supply chain shifts, to tariff uncertainty under the new administration, and even to rapid AI breakthroughs such as the release of DeepSeek and other frontier LLM models. Our goal is to equip managers with the tools to surface and act on emerging themes as they evolve, not after the fact.

Noonum’s proprietary linguistic analytics platform enables the construction of thematic indexes based on how companies are being discussed in the real world: in filings, earnings calls, patents, and media. Their Linguistic Beta (L-Beta) and Linguistic Strength Indicator (LSI) technologies allow for fast development of custom indexes in direct response to breaking events. This is especially powerful in situations where real-time sentiment and narrative are leading price action.

Sidebar: Watch the recording of our webinar with Omer Cedar, CEO of Omega Point, and Anureet Saxena, Ph.D, CFA, CEO & Founder of Alignment Trio Management, to learn more about Noonum and integrating thematic analysis into your investment process.

A Seamless Fit with Our Thematic Capabilities

For many institutional investors, prime broker baskets are a standard starting point for implementing thematic views. Noonum’s indexes serve as a powerful complement to these baskets, providing an additional layer of insight derived from real-time language analysis. With over 100 pre-built indexes available today and the ability to generate custom thematic indexes on demand, Noonum allows teams to take a more tailored, timely approach to thematic index construction.

These indexes can be designed and deployed quickly, enabling managers to react to macro developments, corporate events, or geopolitical risks with more precision than traditional index products typically allow.

The new indexes from Noonum—initially including Defense, Cybersecurity, Energy, and Telecom themes tied to the Israel-Iran conflict, and part of a broader library of over 100 pre-built indexes—are now fully integrated into the Omega Point platform. Clients can:

• View thematic betas to quantify exposure
• Use our Thematic Strength Indicator (TSI) to understand which themes are gaining or losing influence
• Apply custom indexes (including Noonum or in-house models) directly in stress testing, attribution, and rebalancing

These new capabilities build on our work to deliver a unified dashboarding experience for thematic risk.

To illustrate how this can work in practice, a global multi-strategy fund recently used Noonum’s Defense and Cybersecurity indexes to reassess portfolio sensitivity following the outbreak of the Israel-Iran conflict. By overlaying these themes using Omega Point’s dashboard, the team surfaced a previously underappreciated overweight to telecom infrastructure - an area increasingly exposed to retaliatory cyber activity—and adjusted their positioning accordingly.

Noonum’s LSI-based methodology also addresses a common issue in thematic analysis: companies often overlap across multiple themes. Noonum’s weighting scheme helps distinguish between dominant and secondary thematic exposures at the individual security level, resulting in cleaner attribution and more targeted decision-making.

Portfolio managers can now:

• Identify which themes are rising or fading in influence
• Visualize portfolio exposures in real-time
• Take direct action through supported workflows

Extending Our Open Ecosystem for Thematic Intelligence

Since our founding, Omega Point has believed in the power of an open platform. We were the first open ecosystem provider in the investment intelligence space, building our platform from the ground up to enable investment teams to leverage any dataset, compare across datasets, and switch seamlessly as their strategy evolves. We were the first platform to integrate all the leading risk model providers. We support all major prime brokers and offer cloud-native integrations with partners like Databricks, enabling firms to bring their proprietary data directly into the Omega Point workflow. Our partnership with Noonum is a natural extension of this open architecture, offering clients a differentiated approach to thematic management through dynamic, language-based index construction.

The addition of Noonum strengthens it further, giving our clients access to a new class of dynamic, linguistically-derived thematic views that complement traditional factor and classification-based approaches.

A Foundation for What Comes Next

This is more than a one-off integration. It’s part of our broader strategy to expand the role of machine learning and LLMs in institutional investment workflows. We believe that language is one of the richest, most underutilized signals in the market—and that platforms like Noonum are leading the way in unlocking it.

This partnership represents another step forward in Omega Point’s AI journey. Our collaboration with Noonum demonstrates the immediate utility of LLM-based tools in delivering actionable insights. As we continue to expand our investment in machine learning and AI-driven analytics, clients can expect even more capabilities to support faster, more intelligent portfolio decisions in volatile markets. Stay tuned for some exciting announcements on this front in the coming months. 

We’re proud to offer this new capability to our clients. If you're already using Omega Point and would like to see Noonum's indexes in action—or if you're curious about what a more agile thematic strategy could look like—reach out. We're here to help.