Fortis Prime Fund Solutions chooses SD for independent revaluation

Source: SuperDerivatives

Fortis Prime Fund Solutions (PFS), a leading provider of administration, banking, custody and financing to the alternative asset management industry has engaged SuperDerivatives' (SD) independent revaluation service to source accurate, independent pricing for illiquid and complex derivatives.

PFS' strategy of independently pricing the portfolios of its administration clients has played an important role in building its reputation as a leading administrator. The firm's commitment to this core offering resulted in it seeking a well established provider of pricing services for esoteric, illiquid and hard-to-value instruments.

After extensive research and testing, PFS chose SD-Reval, SD's revaluation service, based on its ability to deliver rapid and extremely accurate revaluation of a wide range of complex and illiquid instruments.

Amod Kumar, Global Head of Strategy, Business Improvement & Control, PFS, said: "In our testing of SD-Reval we were impressed with the consistency that it showed in its ability to price illiquid and esoteric assets.

"The breadth and depth of the assets and structures it supports will ultimately benefit our hedge fund clients and their investors."

SD-Reval delivers independent and market-reflective revaluation for an extensive range of hard-to-price liquid and illiquid assets, based on quality market data and a proven analytics model. The service provides rapid revaluation of even the most complex instruments, ensuring that users have the independent, fair market value of their assets as soon as they need it.

Amitai Ratzon, Regional Sales Manager at SD, comments: "In addition to outstanding accuracy in pricing, delivering exceptional customer service is essential in the asset management industry, and the ability to support clients to successfully pursue investment strategies is integral to this.

"Our dedicated expert revaluation team will send PFS market-accurate, bespoke revaluation reports, enabling them to apply unparalleled precision to their valuation of portfolios."

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