Canoe Intelligence, a financial technology company providing data management for the alternatives industry, has released the Canoe Data Innovation Hub and Canoe Asset Data Design Partnership, initiatives that go hand-in-hand to offer greater data granularity at both fund and asset level data.
The solutions respond to client demand for access to asset-level data to solve use cases including exposure analysis, portfolio analysis, and due diligence. Within the Canoe Data Innovation Hub, a cross-functional team of strategists, product managers, engineers, and growth experts are partnering with 13 Canoe clients across firm types, geographies and strategies to design and build an inaugural product offering, Canoe Asset Data.
“Canoe is strategically positioned to drive standardisation and transparency in alternative markets,” says Aman Soni, vice president of data strategy at Canoe. “Our inaugural product, Canoe Asset Data, offers a timely, accurate, and comprehensive view of transparency within investor portfolios using a tech-first approach.”
The product extracts and delivers detailed information pertaining to individual assets or holdings within clients’ investment funds, ensuring scalability, precision, and faster decision-making. Given the complexity and diversity of alternative investments, having access to accurate and comprehensive asset-level data is essential for achieving transparency, managing risk, and ultimately achieving investment objectives.
Canoe Asset Data will be commercially available in Q1 2024 following conclusion of the design partnership programme and beta release.
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