Vulpes Investment Management today announced that it has selected Markit (NASDAQ: MRKT), a leading global diversified provider of financial information services, to provide valuations, risk and scenario analysis on its portfolios.
Vulpes has subscribed to Markit's recently expanded Portfolio Valuations service, which provides a single platform for valuations of over the counter and private equity investments, including unlisted equity and illiquid debt, scenario analysis and value at risk. The service assists Vulpes with its regulatory compliance and ensures consistency across market data inputs and pricing models for mark to market and risk calculations.
Scott Treloar, chief risk officer, Vulpes Investment Management, said: "We have increased our risk management and illiquid security valuation capabilities by using Markit's fully hosted solution, which seamlessly interacts with our portfolio and trade management platform. This end to end workflow allows us to retire a number of legacy systems and simplify our internal processes, while enhancing the way we handle data and analytics."
Padmesh Thuraisingham, managing director of Portfolio Valuations at Markit, said: "We are pleased to help Vulpes streamline their post execution workflow. We can offer customers a straight through processing solution which spans trade confirmation, post trade valuations, risk management and illiquid asset pricing. With increased regulatory and investor reporting requirements, one of the key challenges for financial institutions globally is to manage technology costs while ensuring accuracy and consistency of mark to market calculations."