Standard & Poor's Provides Independent Fixed Income Valuations to GlobeOp Financial Services

NEW YORK, May 12 /PRNewswire/ -- S&P Valuation and Risk Strategies, an independent and analytically separate business unit within Standard & Poor's, has been selected to provide independent valuations for a wide range of fixed income securities to GlobeOp Financial Services, a leading independent provider of automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms.

"S&P's independent valuations, coupled with our ability to add the assumptions we use to derive them, offers GlobeOp's hedge fund and institutional clients an added level of transparency and understanding," said Frank Ciccotto, senior vice president, S&P Valuation & Risk Strategies.

"Investors are increasingly demanding independent testing of asset prices," said Jon Anderson, global head of Valuation and OTC Derivatives at GlobeOp. "Hedge funds, institutional investors and auditors recognize the value of working with a comprehensive, centralized valuation services provider like GlobeOp to meet those requirements. We work closely with clients to independently apply their valuation policy through controlled processes, providing the consistency and transparency that both portfolio managers and investors require. Our centralized valuation process – supported by what we believe is the most extensive platform of independently sourced pricing specialists in the industry – is enhanced by working with pricing experts like S&P Valuation and Risk Strategies."

The securities evaluations unit within S&P Valuation and Risk Strategies will provide market-driven, independent valuations for fixed income, structured finance securities, and syndicated bank loans to GlobeOp for rapid distribution over its platform to hedge funds and asset management firms - including banks, insurance companies, mutual & pension funds and proprietary traders.  

About S&P Valuation and Risk Strategies

S&P Valuation and Risk Strategies delivers a portfolio of products and services to investors that serve the global financial markets by providing market intelligence and analytic insight for risk driven investment analysis, including for the debt, structured finance, derivative and credit markets. S&P Valuation and Risk Strategies is analytically and editorially independent from any other analytical group at Standard & Poor's, including Standard & Poor's Ratings Services. The unit has no access to non- public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account. 

About GlobeOp Financial Services

GlobeOp Financial Services (LSE: GO.) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves nearly 190 clients worldwide, representing $115 billion in assets under administration (AuA).With headquarters in London and New York, GlobeOp employs more than 1,600 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

SOURCE Standard & Poor's