State Street has launched a suite of solutions designed to provide industry insights for fund managers and directors and help them better manage data.
The Fund Insights service comprises a Valuation Toolkit which supplies multiple sources of prior-day prices and fair value levels for securities across multiple vendors and the Fund Insights universe.
The Valuation Toolkit enables fund managers to benchmark prices, observe trends over time, understand factors that cause prices to diverge and obtain data for board-level reporting. Users viewing a single security can obtain the comparative price detail across the vendor and Fund Insights universe or assess the net asset value (NAV) impact of assigning a new valuation to a security.
With growing awareness of the complexities and pitfalls in the valuation process, we recognized an opportunity to aggregate industry data and insights and deliver it to our clients in a value-added format, said Gunjan Kedia, executive vice president in State Streets Investment Services division.
(JDC)