This Week’s Vendor News
NEW PRODUCTS & ADD-ONS
Alkymi has announced the completion of the SOC 2 Type 2 examination.
Alkymi explains on their site: “The SOC 2 security report evaluates information and systems protection against unauthorized access, unauthorized disclosure of information, and damage to systems that could compromise the availability, integrity, confidentiality, and privacy of information or systems and affect the entity's ability to meet its objectives.”
Full story here.
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SimCorp has launched Investment Accounting as a Service as a response to increased demand from buy-side clients requesting the outsourcing of back-office functions.
Christian Kromann, CEO of SimCorp stated: “As part of our strategy to become a true technology-enabled services company, we are extending our offering to take on additional responsibility for delivering the business outcomes that enable clients to achieve their strategic objectives.”
Full story here.
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EWM Global has announced a new admin dashboard and reporting suite.
Learn more about EWM Global here.
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Mackey RMS has rebranded as Verity.
Says Mackey RMS of the rebranding on Twitter, “We are pleased to announce that we have rebranded as Verity (@VerityPlatform,) completing the integration of our technologies to launch a brave new RMS platform that combines #researchmanagement workflows with actionable #data and #insights.”
Visit Verity here.
DEAL ACTIVITY
Novata has raised one of the largest initial funding rounds for a public benefit corporation.
From a www.businesswire.com piece on the funding round: “The investment represents one of the largest initial funding rounds for a public benefit corporation. Principal investors include members of the one-of-a-kind consortium that collaborated to launch Novata in October 2021, including the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network. This significant funding enables Novata to meet the private markets' critical and immediate need for an independent, unbiased and flexible open architecture platform to more consistently report on relevant ESG data.”
More info here.
PARTNERSHIPS & INTEGRATIONS
+SUBSCRIBE has announced a partnership with Figure and Mike Cagney to create a DeFi universal institutional investor identity to be known as the +SUBSCRIBE Passport.
Says Rafay Farooqui, the Founder & CEO at +SUBSCRIBE, “Decentralized finance (DeFi) allows the efficient replication of investor verification, fund subscription, fund administration, and exchanging assets without traditional financial intermediaries. It is morphing the entire financial ecosystem and creating exciting opportunities for institutional investors and fund managers globally.”
Full story here.
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DiligenceVault has been selected by Shadmoor Advisors to power their operational due diligence services.
Excerpted from www.newswire.com, Shadmoor Advisors is “….a CT-based boutique consulting firm that offers comprehensive operational due diligence (ODD) reviews of investment managers and their funds, on behalf of a growing client-base of institutional alternative investment allocators.”
Full story here.
HIRING & PERSONNEL
Alternative investment platform CAIS appoints Abby Salameh as Chief Marketing Officer. She was formerly the chief marketing officer at Hightower Advisors.
Full announcement here.
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Mercatus welcomes Griffin Giordano as a program manager in their New York City office. He formerly worked at Morgan Stanley on the fixed income derivatives desk.
Full story here.
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Northern Trust Front Office Solutions welcomes Brad Williams as a Cloud Security Engineer, Kristen Rai (Tavella) as Senior Manager, Client Solutions, and Ahmed Nawaz Khan as a Full-Stack Software Engineer.
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Affinity has welcomed Arda Partamian-Krieps to their team as Customer Success Manager.
VENDOR WHITEPAPERS
Inex One has released a piece on the expert network market size.
Says Inex One of the piece,” We've analyzed annual reports, IPO filings, a healthy numbers of expert interviews (of course), and even revisited our VC funding deck…”
Full report here.
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Allvue has released an InfoStory on the drivers of ESG Growth in Alternative Investments.
Says Allvue of the piece: “As Environmental, Social, and Governance (ESG) investing demand grows, the alternative assets industry has begun to train its focus on ESG issues and explore how to incorporate ESG factors into investment decision-making. With multiple drivers set to influence the growth of ESG in 2022, both GPs and their investors need to be prepared. Learn more about the factors influencing the adoption of ESG initiatives by the alternative investments industry in our latest InfoStory, 5 Drivers of ESG Growth in Alternative Investments.”
Download the InfoStory here.
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DiligenceVault has released a whitepaper on the findings of its 2021 manager survey which explore how fund managers meet the challenges of allocator due diligence needs with the RFP and DDQ process.
Says DiligenceVault of the paper: “The paper presents the results of its survey of fund managers that explores how marketing, investor relations, and compliance professionals are optimizing their staffing, processes, and technologies to meet the due diligence needs of the allocator community.”
Read the whitepaper here.
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Preqin releases a free info tearsheet on natural resources for Q3 2021, and touched on the fundraising environment, which Preqin refers to as “lackluster.”
Get the tearsheet here.
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