Philippe Seyll, Clearstream Banking
Post-trade services provider Clearstream, which is part of Deutsche Börse Group, and HedgePole, a specialist service and technology provider for hedge funds price and reference data, have entered into a cooperation agreement to provide the market with enhanced alternative fund price and reference data services.
Clearstream will offer HedgePole's data collection services to clients as an extension of its current VestimaPRIME service offering for funds. The new service will comprise of a combined pricing and reference data package for requested information on alternative funds, based on the customer's eligibility and the fund manager's authorisation. This new data service will support fund investors and distributors in the maintenance of their hedge fund portfolio, from reference data and pricing to customized reporting.
Philippe Seyll, Co-CEO of Clearstream Banking S.A. and Head of Investment Funds Services, commented: "The launch of this new data service and the enhancement of fund data services in the alternative funds segment is a further milestone of our Vestima 2020 vision to become the 'ICSD for Funds' by bringing efficiency and safety to the global investment fund market."