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…
Category: Product
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…
Formidium launches consulting service
Formidium, a U.S.-based provider of fund services and back-office technology solutions, has launched Razor State Consulting. Razor State addresses back-office pain points by providing businesses with financial accounting and operations support. Razor State’s services fall broadly under two categories: accounting and services for fund management companies (ManCo services), and corporate accounting and services for pre-IPO…
Apex launches ESG DaaS platform
Apex has launched an ESG data as a service platform for the private markets. Apex has been collecting, verifying and examining private market ESG data from more than 400 GPs, and 1,500 portfolio companies in more than 45 countries since 2019, compiling a proprietary and verified ESG database for benchmarking performance. The database will include…
Northern Trust to integrate with SimCorp
Northern Trust has agreed with SimCorp, a provider of SaaS investment management solutions, to enable integration for data exchange for mutual clients using the SimCorp Dimension platform. The two companies will automate custody data file exchange for Northern Trust clients via two different methods: direct integration of files which can be delivered to SimCorp, as…
FINBOURNE partners with Tumelo
FINBOURNE Technology, the UK-based fintech, has struck a partnership with investor voting fintech, Tumelo. Integrating Tumelo’s voting technology into FINBOURNE’s cloud-native investment management data management platform, LUSID, will help fund managers better understand and reflect investors’ voting interests. Backed by Fidelity International Strategic Ventures, Tumelo’s API-driven platform delivers fund managers a cost-effective way to provide…
Apex partners with Briink for ESG
Apex Group has partnered with Briink, a Berlin-based AI technology company specialising in EU taxonomy and SFDR reporting solutions for fund managers, to enhance its ESG advisory services. Apex’s EU taxonomy solution provides a five-step process, enabling clients to assess and improve taxonomy alignment credentials and prevent greenwashing. Briink’s technology helps Apex’s clients to save…
CACEIS adds OSMOZE to app store
CACEIS has agreed with Heavenize, a fintech specialising in front-office software, to offer OSMOZE, a decision-making dashboard for all asset classes, to management companies and institutional investor clients. Available via the Connect Store, CACEIS’ subscription hub for fintech partners’ services, the OSMOZE platform provides portfolio managers with asset management and investment simulation tools to fine-tune…
Jersey establishes new LLC structure
In an effort to close the gap with other offshore centres, the States of Jersey (Channel Islands) has passed legislation for a new LLC structure that aims to improve connectivity between the jurisdiction and U.S. alternative fund managers, providing enhanced options for U.S. managers looking to structure European-focused funds. The new LLC structure, which comes…
BlackRock adopts TradeWeb’s ETF iNAV
Tradeweb Markets Inc., the Nasdaq-listed operator of electronic marketplaces for rates, credit, equities and money markets, has launched a market data service to calculate real-time iNAVs for ETFs. BlackRock has become the first ETF issuer to use Tradeweb iNAVs for its iShares ETF suite in Europe, which are publicly available via Bloomberg and Refinitiv. The…