Citco has enhanced its Citco Waterfall tool to enable clients to customise and calculate forward-looking investor distributions and carried interest scenarios on their desktop. The Scenario Modeling enhancement, which is also available as an add-on service within the Citco Waterfall tool, allows clients to generate carried interest projections through a step-by-step wizard, enabling them to…
Category: FinTech
Pirum extends connectivity with BNY Mellon
Pirum, the UK-based fintech, has extended its connectivity with BNY Mellon through its collateral management platform, CollateralConnect, to allow mutual clients to self-direct triparty collateral allocations using its optimisation algorithm. By leveraging Pirum’s existing market-wide connectivity, the platform now offers a full front-to-back solution to support enterprise-wide optimization across fixed income, securities finance and derivatives.…
Formidium launches private markets platform
Formidium, the U.S.-based administrator, has launched Private Fund Admin, a technology platform that it claims will streamline the private fund administration process. Private Fund Admin aims to address the complexities associated with unique structures (cross-border and single/multiple LLC structures), the wide range of private fund administration services (fund setup, ongoing operation/administration solutions, investor KYC/AML, NAV…
Constellation selects Precision LM
Constellation Insurance, a U.S.-based insurer, has selected SS&C Precision LM for its commercial mortgage portfolio. Precision LM loan origination and servicing software will support pipeline tracking, loan servicing, accounting, asset management and regulatory reporting.
Redwheel adopts EDS ESG solution
Redwheel, a UK-based asset manager with c. USD19bn AuM, has adopted the data aggregation tool developed by Equity Data Science to enhance ESG integration across its investment business. Northern Trust took a stake in EDS in 2021 and jointly launched an ESG workflow solution that allows investors to access and share ESG information. The data…
Pirum hires EMEA director of origination
Pirum, the UK-based fintech, has appointed Stuart Cornock as EMEA director of origination. He joins Terry O`Brien and Scott Brown in London in the origination team. Previously, Cornock was at S&P Global.
PenSam works with SimCorp on alts data extraction
PenSam, the Danish labour market pension fund, has adopted SimCorp’s new machine learning product, Intelligent Document Processing, delivered through the SimCorp Dimension platform. Intelligent Document Processing automates the extraction of unstructured data from private market funds. PenSam has EUR22.8bn (USD24bn) AuM, of which alternatives have reached EUR6.7bn (USD7bn). Intelligent Document Processing has been developed in…
Galaxy closes GK8 deal
Galaxy Digital Holdings, the financial services and investment management provider in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, an institutional digital asset custody platform, for approximately USD44m.
SIX to provide data to FundGuard
SIX has agreed a deal with FundGuard, the SaaS investment accounting platform provider, to deliver global pricing, market and reference data to asset managers, asset owners, and asset servicers. The deal integrates SIX’s end-of-day market prices, core security master data and corporate actions notifications, offering access to clients using FundGuard’s IBOR, ABOR and NAV contingency…
U.S. Bancorp invests in Ownera
U.S. Bancorp has joined Ownera’s Series A investment round. Ownera is a fintech working on an interoperability network for tokenized assets. Ownera aims to digitise private markets, allowing banks, asset managers and exchanges to route assets more efficiently. Other participants in the funding round include J.P. Morgan. In 2021 U.S. Bank invested in Lumint and…