This Week’s Vendor News
NEW PRODUCTS
Northern Trust Front Office Solutions has launched a machine learning module for asset owner research management.
This module is part of Northern Trust’s initiative to bring greater efficiency and transparency to alternatives asset servicing. In fact, says Norther Trust: “Each month, asset allocators for endowments, foundations, family offices and other institutions receive thousands of files including newsletters, fund statements, quarterly updates, and legal documents that are manually filed for investment manager research purposes. The new feature leverages knowledge of a user’s past behavior to tag research management documents with intelligently suggested attributes before uploading them to the Front Office Solutions platform.”
Full story here.
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Factset has announced that it is now releasing essential content in the spheres of technology, media, and telecom sector to investment professionals.
Says Factset of the new content: “FactSet’s deep sector TMT launch includes content from leading companies, including Insider Intelligence, Nash Information Services, Nielsen, and Variety Business Intelligence, that have been integrated into FactSet’s data platform, including the FactSet Workstation. The content sets span television ratings, movie box office, advertising spending, and media asset ownership and offer deep insights across the entire TMT landscape. Additional data is scheduled to be added over the coming months.”
Read the press release here.
PARTNERSHIPS & INTEGRATIONS
Allvue has entered into a partnership with Steelbridge PE (a boutique services firm) with the goal of further supporting emerging private equity and venture capital firms with digital transformations.
The partnership hopes to bolster Allvue’s offering to small- and mid-sized private equity firms by providing access to experienced third-party tech consultants who are incorporating Allvue’s new platform: Private Equity and Venture Capital Essentials.
Full story here.
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Canoe has been selected by Vista Wealth Management Group, LLC to scale its alternative investment documents and data processes.
Says Canoe COO James Knight: “‘At Vista, our core mission is to help our clients accomplish their goals. As our firm continues to expand, our holistic approach often incorporates alternative and private markets assets… With Canoe as our technology for managing the operational complexities of alternatives, our team is able to free up considerable resources to deliver even better service to our growing client base.’”
Full story here.
HIRING & PERSONNEL
Alkymi, a company that works to transform enterprise workflows with machine learning and automation technology, is currently hiring.
Explore their job postings here.
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LemonEdge, a company that works to provide solutions for managing private markets funds, is currently hiring.
Explore their job postings here.
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Affinity welcomes Arjun Vilayanur as Senior Director, Solutions Engineering.
VENDOR WHITEPAPERS
CB Insights has released their “State of Retail Tech Q3’21 Report” exploring the record quarter for retail tech.
The report includes information on a quarterly high in deals, the top sector for funding, deals that propelled mega-rounds, and more.
Download the report here.
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Colmore, a Preqin company has released a report titled “What’s Market in Fund Terms and Fees Right Now?” to explore the latest in management fees, fiduciary duties, and fund leverage provisions.
Preqin explains that: “The survey results show that management fees have remained stable, but as fund sizes have increased the absolute management fees now cover a smaller portion of total expenses. Similarly, high horizontal expenses remain a ‘pain point’ for LPs, as they have increased 123% since 2011.”
Read key takeaways by Preqin here.
Read the full report here. (Note: Available only to ILPA members.)
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SS&C Advent has released a whitepaper report that explores middle office, leading operations, and investment officers on outsourcing critical functions.
Some points of discussion include what the focus of asset managers should be focusing on at all times with their core business model, how outsourcing models require buy-ins from all parts of the firm, and more.
Read the article here.
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