Wall Street & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Asset Management

03:04 PM
Staff
Staff
News
Connect Directly
RSS
E-Mail
50%
50%

INVESTMENT-TECHNOLOGY NEWSFLASHES

Westcore Funds has signed onto FT Interactive Data's Fair Value Information Service; ING Investment Management's Sydney office will implement performance and analytics-attribution platform; AdvisorCentral aligns with Financial Research Corporation to offer research to financial advisers.

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.

Register for Wall Street & Technology Newsletters
Video
Top Quotes of the Week
Top Quotes of the Week
It wasn't all bad luck for the capital markets this week: Hedge funds had a decent first quarter despite a slowdown in jobs numbers, BlackRock might be heading into new territory as hedge fund managers take a hard look at their counterparties, and the head of the IMF didn't pull any punches when assessing today's global economy. At least we can admire the nice weather and some of the best quotes of the week.