Targeting institutional investors, investment consultants, and funds of funds, New York-based DiligenceVault announced the launch of its flagship research and due diligence platform.
The platform, which is a software-as-a-service (SaaS) offering, aims to help firms cut down on their research costs by automating the process and weeding out complexities. Rather than subscribing to a pre-populated database, the company says that investors and asset managers invite each other to the platform.
In a statement the founder of DiligenceVault, Monel Amin, who served an eight-year tenure at Citi, most recently as the bank's head of liquid investments, alternative assets and investments risk, said the platform will allow investors "to start with standardized digital questionnaires for a wide range of asset classes, while still providing flexibility for customization."
Hansi Mehrotra, the vendor's Asia-Pacific director, added that asset managers will "benefit by being able to use the platform as a repository for their answers, which they can use to respond to a wide range of investors, but are always [in] control of who sees their information."
The offering also aims to enhance communication between investment research and operational due diligence teams, while providing asset managers with analytics tools to examine history and peers, as well as monitor changes.
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails