This Week’s Vendor News

NEW & UPDATED PRODUCTS

Dasseti introduces enhanced AI capabilities across COLLECT, ENGAGE, and ESG Solutions. The first new enhancement is the SmartDocs capability, which is engineered to streamline workflows by automating the extraction and application of information from various documents. This new feature allows users to save time and effort. Next, Dasseti’s AI suite unveils Chat with Doc, enabling interactions with uploaded files in a conversational format. Users can query documents for insights, building context for informed responses. Additionally, Dasseti Smart Writer assists both allocators and managers when creating professional communications. These new innovations are designed to deliver productivity gains, enabling investment professionals to allocate their time to strategic activities. ↗

AlphaSense launches Generative Search. Generative Search is like a research partner–it will figure out what searches to run, which documents to retrieve, and how to summarize it all. All a user has to do is ask. If you ask questions, you get answers. With insights sourced from across the market and packaged like an analyst, AlphaSense’s generative search is enhanced research. ↗

FactSet introduces its platform-level genAI search agent for buy- and sell-side clients. The Intelligent Platform will connect FactSet Mercury, the company’s conversational knowledge engine, to FactSet’s AI-powered solutions through a global assistant. Clients across the buy- and sell-side can expect to experience elevated productivity and decision-making through streamlined workflows and discoverability. The Intelligent Platform also includes Enterprise AI Building Blocks, offerings designed to bring FactSet’s AI technology in-house for clients and enable technology teams to outsource the construction of complex processes to FactSet. These tools foster innovation, reduce time-to-market, and create opportunity for developers and technologists to build differentiated workflows. Launching in early 2025, workflow solutions within the Intelligent Platform initiative will enhance client capabilities across the sell-side and in support of the buy-side portfolio lifecycle. ↗

73 Strings launches new website. What’s New: 1 - 73 Value (formerly Qubit X): The valuation technology for all asset classes, allowing fund managers to scale operations, boost efficiency, and accelerate NAV reporting for LPs. 2 - 73 Monitor (formerly Graviton X Monitoring): Portfolio monitoring with automated calculations, performance metrics, and AI-ready data for decision-making. 3 - 73 Extract (formerly part of Graviton X): Data extraction technology. ↗

SimCorp launches Axioma fund allocation risk models for wealth and fund of funds managers. The Axioma Fund Allocation Model captures fund investment risk through exposures to a curated set of fund and market category factors and fund specific risks. And the Axioma Worldwide Fund Allocation Model evaluates fund investment risk through a combination of exposures to the Axioma Worldwide Equity Factor Risk Model for equity ETFs and single name stocks along with a curated set of fund and market category factors. Both models are designed to meet the use cases of wealth, overlay strategies, Unified Managed Accounts and Fund of Funds managers, providing a single view of equity, fixed income and commodity factors. This approach eliminates the need for multiple models, which may miss important cross-correlations among the asset classes. ↗

CB Insights unveils its newest platform enhancements from the last month. 1 - CB Insight's new Browser Analyst turns articles and company web pages into actionable intelligence with one click. Reading news? Get personal insights to improve your business – your Browser Analyst understands your strategy, competitors, and market trends. Researching companies? Get instant insight on their strengths and weaknesses. 2 - Triple the data – CB Insight has added another million companies this month. With 3.5M companies on board, it has more than tripled the companies in its database since the start of the year. 3 - Automatic company watchlists and alerts – CB Insights' watchlists track acquisition targets, follows competitors, and reverse engineers their partners. 4 - ChatCBI: With ChatCBI users can ask follow-up questions to explore ideas. Answers can also be organized in tables. - 5 CB Insights’ proprietary data and research are now available in Microsoft 365 Copilot and Office 365 applications. Use the insights to generate Excel tables with real-time market trends, draft a Word document assessing the competition, or create a PowerPoint pitching a new acquisition. ↗

Anaplan expands its Anaplan Intelligence portfolio with the release of Anaplan CoPlanner. Anaplan CoPlanner brings context-aware, generative AI capabilities to scenario planning and analysis, enabling conversational querying of user's data and models. Linked with embedded workflow, Anaplan CoPlanner facilitates action on insights generated, helping customers react at the speed of business. Soon, Anaplan CoPlanner will become a native capability in Anaplan's platform and the initial delivery will be embedded in Anaplan apps, like Anaplan CoPlanner for Demand Planning. ↗

Persefoni launches Additional Footprint Analytics Module. This available for upgrade module gives users: 1 - A breakdown of their Scope 1, 2, and 3 emissions, 2 - A path to high-impact decarbonization opportunities, 3 - exports to show stakeholders. ↗

SEI expands SMA and UMA solutions with suite of equity and fixed income strategies. These new strategies, which are offered through the Managed Account Solutions program and designed for flexibility in both equity and fixed income solutions. The additions include SEI-managed strategies and third-party strategies from global investment firms, including AllianceBernstein, Loomis Sayles, and Parametric Portfolio Associates. SMAs offer individualized strategies run by managers, while UMAs provide an investment solution that combines multiple strategies within a single account structure. UMAs can also deliver tax optimization that seeks to enhance after-tax returns, improve client outcomes, and reinforce an advisor’s value proposition. ↗

PARTNERSHIPS & INTEGRATIONS

Mosaic integrates with S&P Global Capital IQ and FactSet data, to allow investment professionals to screen public-to-private opportunities. How does it work? 1 - Search your target’s ticker, and Mosaic pulls historical financials, consensus estimates, latest capitalization, and real-time market data from Capital IQ or FactSet. 2 - Layer in take-private financing and exit assumptions to complete your analysis. 3 - Refine your views on things like adjusting FDSO for dilutive securities and your view on consensus achievability – instead of hours spent fixing broken spreadsheet templates. ↗

SimCorp renews 18-year partnership with Deutsche Bank. Through this partnership, Deutsche Bank can deliver integrated fund administration services and accounting solutions to its clients across the Asia Pacific region using SimCorp One. Deutsche Bank Securities Services will continue to benefit from SimCorp One’s capabilities, including client onboarding, compliance with local market regulations and support multi-asset investment strategies. Through this renewed partnership, Deutsche Bank Securities Services’ team will continue to benefit from SimCorp One’s ability to enhance operational efficiency by using automation and technology to streamline processes and improve scalability. Additionally, the platform supports Deutsche Bank’s efforts to enhance existing offerings and introduce new products and services to clients. Therefore, Deutsche Bank will be able to manage risks and meet evolving regional regulatory and compliance requirements. ↗

Cambridge Associates broadens use of Canoe across central operations and all investment teams. This firm-wide adoption follows nearly two years of use within CA’s Private Client Practice, where Canoe’s technology has enhanced document management workflows and operational efficiency. With Canoe’s technology, Cambridge Associates will continue to utilize Canoe Connect and Canoe Intelligence to automate the collection, organization, and processing of documents across a range of investment portfolios. By eliminating the need for repetitive tasks and simplifying access to critical information, Canoe enables CA’s teams to manage and respond to the array of data needs required by their clients. This expansion reflects the CA's commitment to driving scalable, efficient operations and enhancing the timeliness and precision of its investment processes. ↗

RelPro partners with Propense.ai to deliver data for accounting and legal professionals. RelPro’s company and contact intelligence will enrich data for users of the Propense.ai platform, increasing the value of AI-driven recommendations and supporting Propense.ai in its mission to identify growth opportunities for accounting and legal services firms. Partnered with RelPro’s data, Propense.ai can address their users’ issues of inaccurate and outdated data, helping those firms take advantage of data-driven insights and opportunities. ↗

Anduin launches a no-code Salesforce integration to streamline fund subscriptions. This new integration will free teams from outdated processes, reduce risk, and keep CRMs up-to-date. With this integration, Salesforce is automatically updated with the latest investor data pulled directly from subscription documents. This ensures that all downstream teams have access to the same refreshed data. There are no manual updates and no fragmented data. Here’s how to integrate Anduin and Salesforce: 1 - Authorize the link between Anduin and Salesforce, 2 - Select the integration, triggers, and data you want to sync, 3 - Watch as your CRM stays up-to-date, enhancing your team’s efficiency. ↗

Park Square Capital adopts Kroll's Private Capital Markets Platform to enhance investment workflows. Private credit users benefit from a centralized interface that consolidates portfolio data with Kroll’s valuation insights, optimizing workflow efficiency and enhancing data utilization. By integrating Kroll’s valuation governance and experience, Park Square's platform establishes a single source of truth, fostering transparency and reliability. ↗

Front Street Capital Management selects SEI for custody and advisor technology. Front Street is moving more than $600 million in assets under management to SEI. Front Street invests client capital in purpose-driven companies that demonstrate ultra-long-term compounding ability and core values of management integrity, employee empowerment, teamwork, passion, long-term focus, and capital allocation. ↗

OFFICE & PERSONNEL

Finquest welcomes Amanda Rader as Global Head of Origination. Finquest recently opened its Dallas office, and Rader's appointment adds to its North American presence. Rader brings over a decade of experience in the commercial equipment finance industry, coupled with a background in customer-focused leadership roles. ↗

Carta expands in Australia with additional resources, capabilities and partnerships. Carta recently launched its new office in Sydney on November 18 2024, which will serve as a hub for sales, marketing, and future activities such as the expansion of the company’s partnerships with local universities. Carta also aims to collaborate with the government to deliver investment value to the local ecosystem. Bhavik Vashi, Managing Director of Carta, will lead the company’s new initiatives in Sydney, bringing industry experience from his background in B2B SaaS platforms. His experience and industry relationships will support Australian startups and funds as they navigate the complexities of the private market. His proven track record of scaling Carta’s operations in other markets, such as Singapore and the Middle East, positions him to drive growth in Australia. ↗

Grandview Analytics grows its Rivvit Team by welcoming recent hires Christopher Wirt and Ethan Tibbetts. Wirt is Senior Engineer at Grandview Analytics, specializing in front-end development, architecture and user experience for Rivvit. Wirt’s background includes full-stack software development and financial software experience. Before joining Grandview, Wirt worked for multiple start-ups, contributing front-end expertise and software architecture experience. He also worked in big data and feed ingestion for FactSet Research Systems. Tibbetts is an Engineer at Grandview Analytics, specializing in front-end platform development and user experience for Rivvit. Tibbetts has been working as a full stack engineer, with a front-end focus for over 5 years. He’s delivered front-end features for a variety of use cases including ServiceNow workflows, enterprise learning management systems, data privacy management, dashboards and analytics, mobile applications and website rendering and optimization. ↗

Ontra welcomes Kaylin McKenney as its new SVP of Growth Marketing. With experience at different SaaS companies like AppFolio, Invoca, and Citrix, McKenney will play a key role in driving Ontra's growth through marketing strategies. ↗

Jonathan Rogers is the new Chief Information Officer at FactSet. Rogers has been with Factset for almost 21 years. He started as a Lead Software Engineer in 2004 and most recently served as the Senior Vice President, Senior Director of Engineering - Content & Technology Solutions. ↗

AWARDS

IQ-EQ has won for ‘Best Fund Administrator’ at the 2024 Africa Global Fund Services Provider Awards. ↗

Dynamo Software wins two recognitions from World Business Outlook. Dynamo has won 1 - Best End-to-End Investment Management Platform for Alternatives Investors USA 2024 and for 2 - Leading Transformative Investor Communications in Alternatives Investing Award USA 2024. ↗

HAPPY THANKSGIVING!!!