Westcore Funds, a fund family with nearly $6 billion in assets under management, has signed onto FT Interactive Data's Fair Value Information Service. The Bedford, Mass.-based vendor will support Westcore's fair-valuation procedures for its portfolios' international equities. The service is designed to price each foreign security in the portfolio for which a fair-market price is not available, due to a significant event occurring after the local-market closing, but before daily net-asset-value calculation. Jasper Frontz, Westcore Funds' treasurer, said in a statement, that using FT Interactive Data's service will benefit Westcore's long-term investors as well as act as a deterrent to market-timers.
ING Investment Management has agreed to implement a new performance and attribution-analytics platform. Milestone Group, a Sydney-based financial-services vendor, will supply pQuant IPA, its performance and attribution-analytics solution, to ING Investment Management's Sydney office. PQuant will support the firm's Australian funds, as well as centralize performance-analytics reporting for 11 Asia-Pacific countries.
AdvisorCentral, a core-business-building portal owned by Fidelity Investments, Franklin Templeton Investor Services, Putnam Investments and PFPC, has aligned with Financial Research Corporation, a Boston-based product and distribution-research firm. In the agreement, FRC will offer its investment-management-industry research to financial advisers who use AdvisorCentral. The research includes product news, industry trends and other investment-industry information.