CMA, the credit information specialist, today announced that LaCrosse Global Fund Services has selected CMA's consensus-based price verification data, DataVision, as a key component of LaCrosse's valuation service for global clients.
"We needed a respected, trusted source of reference data that could support our clients' requirement to value their portfolios with accurate independent data," said Gary Goldsmith, global information technology manager at LaCrosse. "We chose DataVision from CMA after a detailed market review because we believe that CMA's buy-side contribution model accurately reflects true market prices. In addition, we were already using DataVision for client month-end valuations."
With 10 global offices and more than 20 years of experience in major and emerging markets, LaCrosse provides operations, middle-office and fund administration services to managers of complex hedge funds and other alternative investment portfolios around the world.
DataVision is a high quality same day, consensus based price verification data service for CDS, indices and tranches, used primarily for mark-to-market, flash P&L, research and analytics.
It is sourced from 30 buy-side firms including leading Hedge Funds, Asset Managers and the buy-side desks of global Investment Banks. DataVision is available to more than 260,000 users around the world via the Bloomberg Professional service, and is also available via other channels.
Laurent Paulhac, CMA's CEO, commented: "Third party valuation services continue to be in high demand from clients. Reliable valuation requires accurate prices - we are delighted that LaCrosse has chosen CMA DataVision to drive its valuation services. The accuracy of our buy-side aggregation model is a key factor for clients selecting our service."