The Reserve Primary fund and Bank of New York Mellon Corp. falling below a $1 has changed the landscape of the money fund industry and has brought the importance of transparency to the forefront. We anticipate that Funds will be eager to show transparency and that investors will now demand it.
Boise, ID (PRWEB) September 18, 2008
Clearwater Analytics, a leading provider of web-based investment portfolio reporting, responds to market with Money Fund Transparency as it digests ramifications of both Reserve Primary Fund and the Bank of New York Mellon Corp falling below a $1 in net asset value. Long thought to be virtually risk-free, money funds have the potential to expose investors to a substantial measure of risk. Clearwater's Money Fund Transparency platform decreases that exposure by presenting risk analytics, holdings and returns in an easily accessible, legible, and consistent format permitting efficient fund analysis, comparison, and selection. Clearwater's risk analytics include exposure to issuers, sectors, asset classes, credit ratings, duration and other critical measures.
The reporting on all participating funds is available to investors, free of charge, on the Clearwater website, on the websites of money fund portals and on the websites of the participating fund managers. Currently, DB Advisors publishes its fund information on a bi-weekly basis and Invesco AIM is committed to publishing its money fund information via the Clearwater Money Fund Transparency platform.
Since inception, Clearwater Analytics has been committed to helping investment professionals by providing timely, actionable answers to questions about accounting, compliance, risk and performance for their investment portfolios. Courty Gates, Clearwater's CEO, explains, "The Reserve Primary fund and Bank of New York Mellon Corp. falling below a $1 has changed the landscape of the money fund industry and has brought the importance of transparency to the forefront. We anticipate that Funds will be eager to show transparency and that investors will now demand it."
About Clearwater Analytics
Clearwater Analytics is a recognized leader in daily, web-based, investment portfolio reporting. Powered by advanced technology and dedicated service, Clearwater aggregates and reconciles portfolio data, integrates third-party information, and generates accounting, compliance, risk and performance reporting and analytics for global investors, investment managers and custody banks.
Clearwater provides specific solutions for a number of investor types including operating funds, insurers, family offices, endowments, foundations, and central banks. Clearwater delivers actionable insight into portfolios and reporting that is clear, consistent and auditable. Headquartered in Boise, Idaho, Clearwater Analytics also has offices in New York, NY.
For more information visit http://www.clearwateranalytics.com or call 208.433.1200.
Clearwater Analytics and Money Fund Transparency are registered trademarks or trademarks of Clearwater Analytics in the United States and in other countries. Other product and company names herein may be the trademarks of their respective owners.