MUFG Fund Services is part of MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group (MUFG), and provides administration services for more than 1,100 alternative funds worldwide.

Blair Henderson, global head, business development & marketing at MUFG Investor Services, said: “Our clients are facing increased regulatory reporting requirements including the SEC’s valuation guidance, AIFMD, and Form PF. More than ever, transparency and context behind prices are critical to their NAV calculation.”

He added: “Markit’s pricing, transparency and liquidity data help our clients properly manage the verification and valuation process. Importantly, we believe the high quality of Markit’s prices and valuation services, as well as their commercial flexibility provides a very competitive solution for the marketplace.”

Kiet Tran, managing director and head of fixed income pricing at Markit, said: “Today’s fund administrators need solutions that offer more than a price to provide NAV calculation for their customers. Our pricing, transparency and liquidity data metrics provide MUFG Fund Services’ clients with deeper context by leveraging millions of daily observable prices sourced directly from leading industry participants and our real time parsing technology.”

Markit’s fixed income pricing service provides independent pricing, transparency and liquidity data for fixed income instruments to support risk management, product control, compliance and trading workflows. Price inputs from a variety of sources are fed into a dynamic pricing model to produce a resultant price validated against a number of parameters. Markit’s daily coverage of 2.4 million instruments spans municipal bonds, corporate and sovereign bonds, securitised products, bank loans and CDS.