GlobeOp Selects S&P Valuation and Risk for Fixed Income Valuations

S&P Valuation and Risk will provide market-driven, independent valuations for fixed income, structured finance securities and syndicated bank loans to GlobeOp for distribution over its platform to hedge fund and asset management firms.

Frank Ciccotto, senior vice president at S&P Valuation and Risk Strategies, said in a statement, “S&P's independent valuations, coupled with our ability to add the assumptions we use to derive them, offers GlobeOp's hedge fund and institutional clients an added level of transparency and understanding.”

Added Jon Anderson, global head of Valuation and OTC Derivatives at GlobeOp, “Investors are increasingly demanding independent testing of asset prices. We work closely with clients to independently apply their valuation policy through controlled processes, providing the consistency and transparency that both portfolio managers and investors require.”