AB Selects Bloomberg's Evaluated Pricing For U.S. Fixed Income Securities
BVAL provides independent and defensible evaluated pricing to compare and corroborate the asset manager's internal valuations for fixed income securities
May 01, 2017, 09:00 ET
NEW YORK, May 1, 2017 /PRNewswire/ -- AllianceBernstein (AB) has selected Bloomberg's evaluated pricing service (BVAL) to benchmark and corroborate end-of-day values of its U.S. fixed income portfolio investments.
AB is a leading global investment firm with $498 billion in assets under management. It uses fundamental and quantitative research to assemble a broad array of investment services to a global client base. AB licenses BVAL data to calculate the net asset value (NAV) of its corporate, government and municipal bond investments. Bloomberg provides broad coverage of U.S. fixed income securities, access to in-house evaluator teams and transparency into BVAL pricing models through Bloomberg Terminal screens.
BVAL's unique methodology draws on real-time access to market observations from a wealth of contributed sources that produces credible, defensible and independent valuations for more than 2.5 million fixed income securities and over-the-counter derivatives. The accumulated mass of market data is the main driver of this innovative and quantitative approach, which first corroborates market levels on actively traded bonds and then derives a comparable relative value price for securities that are less liquid. Since the prices are derived algorithmically using the most recent market data, BVAL prices track current market conditions and consistently stand-up to rigid quality tests.
"Regulators now demand a transparent and rigorous process for establishing fair and independent asset evaluations," said Varun Pawar, global head of Bloomberg's evaluated pricing service. "BVAL meets the needs of the largest and most respected investment managers because we provide transparency into our pricing methodologies as well as unparalleled client support through our practiced team of evaluators."
BVAL is the primary pricing source for the Bloomberg Barclays bond indices which are widely recognized benchmarks for fixed income investors.
To learn more about Bloomberg's evaluated pricing service for fixed income please visit www.bloomberg.com/professional/product/pricing-data/
About AB
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
At March 31, 2017, AB Holding owned approximately 35.9% of the issued and outstanding AB Units and AXA, a worldwide leader in financial protection, owned an approximate 63.8% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com.
About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Professional service. Bloomberg's enterprise solutions build on the company's core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.
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SOURCE Bloomberg