01:38 PM
Investment Management Newsflashes: Standard & Poor’s Capital IQ Adds Real-Time Module, and more
Standard & Poor's Capital IQ Adds Real-Time Module
Standard & Poor's Capital IQ division, a leading provider of high-impact information and workflow solutions to the global investment and financial services communities, recently announced the release of Capital IQ Real-TimeT, an integrated add-on module to the Capital IQ Platform that provides streaming real-time market data as well as access to deep company and sector-specific fundamentals. This new module was developed in conjunction with Interactive Data Corporation's Managed Solutions group.
Capital IQ Real-Time provides streaming quotes, news, charts and market views for major exchange-traded stocks and market indices. Users can also click on any ticker to contextually access Capital IQ's deep fundamental information including in-depth financials, comparables, key developments, ownership, transactions, executives and directors, filings, research, estimates and more.
"Capital IQ Real-Time will be especially valuable to financial professionals who need integrated access to real-time market data and fundamental research tools," said Steve Turner, Managing Director of Standard & Poor's Capital IQ. "It has been designed to enable users to toggle between what's happening right now while seamlessly maintaining, on screen, a deep historical view of any company or sector."
M.D. Sass and Macquarie Group Join Forces
Investment management firm M.D. Sass and the Macquarie Group, a financial services organization, recently formed a joint venture to manage a $273 million alternative strategies private equity fund. The fund will invest in specialized investment management companies and will be called the M.D. Sass-Macquarie Financial Strategies, L.P., the companies said. Macquarie will invest $110 million.
As of June 30, the fund was invested in four companies: Ascent Real Estate Advisors, Waterfall Asset Management, Energy Arbitrage Management and Denahi Global Investments, which specialize in U.S. real estate, high yield asset backed securities, energy futures and Asian equities, respectively. The fund plans to partner with 10 or more additional investment management teams over the next three years, the companies said. Sydney, Australia-based Macquarie Group, with $111 billion of assets under management, is comprised of investment bank Macquarie Bank Ltd. and other subsidiaries. New York-based MD Sass has $8 billion of assets under management. Morley Fund Management Taps Reuters Knowledge
Following a competitive tender, Morley has signed a multi-year agreement for Reuters Knowledge that extends an existing deal to users in the US. Staff in London will be upgraded from an existing Reuters system.
Reuters says its Knowledge system will enable Morley users to create, store and use proprietary internal research alongside its broker research and market data.
Commenting on the Reuters Knowledge system, Tim Thomas, head of equities, Morley Fund Management, said: "The product provides us with the capability to manage efficiently Morley's in-house and external research, and combines this with up-to-the-minute market information and commentary. It will also help us take forward our investment process."
Thomas said Morley will work with Reuters to further personalize the product in the future.
Bill Few Financial Group Migrates to Advent
CRM provider to the investment management industry, Advent Software, announced that Bill Few Financial Group, a Pittsburgh-based investment and wealth advisor and broker-dealer group, has migrated to Advent Portfolio Exchange for client relationship management functionalities.
Bill Few Financial Group, which has $1.2 billion in assets under management, participated in the client validation development process of Advent Portfolio Exchange last year. The company upgraded from Axys to Advent Portfolio Exchange, Advent's next-generation portfolio management platform that integrates front-office marketing and CRM functionality with back-office portfolio accounting and reporting operations.
Bill Few officials said moving to Advent Portfolio Exchange was done to improve the firm's client services, improve compliance and security, and help integrate front-office functions with back-office operations.
"A key benefit of Advent Portfolio Exchange right out of the box was the security functionality. We can set up user IDs and limit user access to specific accounts, which enables us to allow portfolio access to select affiliates," said John Jones, chief operating officer of Bill Few Financial Group. "The built-in CRM capabilities show us all the client's data in one integrated view."
Other features include the ability to manage multiple business lines on a single platform, search and select multiple clients or prospects for mass e-mails, and creation of custom dashboards at the portfolio level. There are also customized fields for automated reporting and a relationship-based workflow for CRM functionality