London and New York, NY – Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced that Accunia, an asset management firm based in Copenhagen, is using Markit’s suite of collateralised loan obligation (CLO) management services to administer the first CLO issued by an asset manager in the Nordic region.
Markit’s CLO solution helps managers optimise investment performance, reduce risk and minimise operational costs. The services include access to a security master database, loan pricing and performance data, compliance tools and managed services for portfolio administration and trade settlement. Approximately 70% of CLO assets issued in 2015 are managed using services provided by Markit.
Sergio Grasso, portfolio manager at Accunia said , “With Markit we have access to high quality loan market information and deep expertise in loan portfolio administration and trade settlement. Markit’s CLO services relieve us of most of the operational complexity in the loan asset class and enable us to focus our energy on optimising the performance of our portfolio.”
Mark Schultis, managing director of WSO at Markit said , “Asset managers such as Accunia want to concentrate their resources on analysing the market and managing their portfolios. Our CLO suite provides the data and analytics required to identify opportunity and risk in the market and alleviates the technology and operational burdens associated with the loan asset class, allowing managers to devote as much time as possible to investing activities and their clients.”
For further information, please contact:
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Alex Paidas
Telephone: +1 212 205 7101 Email: alex.paidas@markit.com
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About Markit
Markit is a leading global provider of financial information services. We provide products that enhance transparency, reduce risk and improve operational efficiency. Our customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators and insurance companies. Founded in 2003, we employ over 4,000 people in 11 countries. Markit shares are listed on Nasdaq under the symbol MRKT. For more information, please see www.markit.com .