The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Hedge Fund CQS Selects OTC Valuations to Deliver Valuation Reports

Share article

Following OTC Valuations’ (OTC Val) acquisition by Tullett Prebon earlier this year, OTC Val has been selected by leading hedge fund CQS, to provide monthly independent valuation reports for their complex structured credit portfolio.

Shaun Brick, head of product control at CQS, commented: “As part of CQS’s continuing process of enhancing control and pricing accuracy of bespoke credit positions several valuation providers were evaluated for suitability, with OTC Val selected as a preferred supplier. Our primary selection factors were based around complex product valuation capabilities, model calibration expertise, and demonstrable client services and support. OTC Val’s transparent valuation process demonstrates their capabilities go beyond delivering a price.”

Miroslav Vanous, head of EMEA at OTC Val, said: “Following a detailed evaluation process, we are pleased to have been selected from a shortlist of leading service providers to deliver independent valuation reports to CQS. As a proven provider of independent valuations of OTC derivatives, structured products, and illiquid securities, OTC Val is often utilized as a primary pricing source or as a verification of existing counterparty and broker quotes. We therefore believe that clients such as CQS remain ahead of their peer group in using truly independent and auditable valuations for the purposes of compliance, positive investor perception, and risk management review.”

Related content

WEBINAR

Recorded Webinar: How to leverage the LIBOR transition to improve your data management game

The transition away from LIBOR (London Interbank Offered Rate) is well underway, but there remains considerable ambiguity around how the final stages will be executed – especially with regards to benchmark replacements in markets outside the UK. What are the options, where are the uncertainties and what stage have firms reached in their preparations? The...

BLOG

DSB Calls for New Technology Advisors as it Pivots to Address New Data Challenges

The Derivatives Service Bureau (DSB) has had an interesting few years. Founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities Identification Numbers (ISINs), Classification of Financial Instrument codes (CFIs) and Financial Instrument Short Names (FISNs), in 2019 the group was also designated by the Financial Stability...

EVENT

Data Management Summit London

Now in its 10th year, the Data Management Summit (DMS) in London explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

MiFID II Handbook

As the 3 January 2018 compliance deadline for Markets in Financial Instruments Directive II (MiFID II) approaches, A-Team Group has pulled together everything you need to know about the regulation in a precise and concise handbook. The MiFID II Handbook, commissioned by Thomson Reuters, provides a guide to aspects of the regulation that will have...