Cogendi, a software company that specialises in alternatives and funds of funds, says ABN Amro-owned fund of funds group AAAdvisors is using one of its applications to integrate data from Standard & Poor’s Fund Services into its asset allocation and reporting services.
The application, which is called “c*neo,” aims to enable users to integrate, monitor and share information, build and manage portfolios, and create reports. Cogendi claims the application is not a “standard or pre-defined product” but an “intuitive” device.
“We are very pleased that the c*neo integration module has again shown, through its automatic updating of quantitative selection models and methods for funds developed by AAAdvisors, its robustness and flexibility,” says Guillaume Velut, CEO of Cogendi. “The integration module covers an even more extensive investment universe and utilises data provided by our partner Standard & Poor’s Fund Services. We now integrate and provide access to 22 Standard & Poor’s Fund databases covering over 136,000 funds across Europe, Asia, the United States and Offshore territories.”
Bertrand Maillet, Head of Research at AAAdvisors, says monitoring of the funds market is essential to the business of the firm. “Quality of information obtained and simplicity of access to databases are crucial parameters in delivering performance to the final investor,” he says. “Cogendi’s c*neo solution provides rapid, reliable and automatic integration of the enormous volume of data provided by Standard & Poor’s Fund Services. The data, once it has passed through the filter of our internal scoring, asset allocation and risk monitoring models, assists, in parallel with the qualitative team from AAAdvisors, our fund of funds managers in their investment decisions.”
According to Emmanuel Bordes, Sales Director of Standard & Poor’s Fund Services, the combination of the S & P data and Cogendi technology is an “incomparable platform” for every type of department and use within an asset management company.”