Confluence adds Orfival to analytics family 01 December 2014Brussels Reporter: Stephanie Palmer
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Confluence has acquired specialist fund analytics company Orfival, with the aim of adding new capabilities in performance risk analytics and attribution to its services, and to offer more comprehensive fund analytics services to the global asset management industry.
The acquisition means that Confluence’s US clients will have access to Orfival’s performance risk analytics and attribution functionalities, which complement Confluence’s existing risk metrics and comparative analysis services.
Confluence will also augment its data-drive performance and regulatory reporting solutions with risk metrics, composites and analytics.
Mark Evans, CEO of Confluence, said: “When looking to grow Confluence we aimed to find businesses which have products or services that complement our existing offerings to add greater value to the global asset management industry.”
“Orfival is just that, as it brings extraordinary subject matter expertise and research capabilities as well as a deep understanding of the European market. The region is one which we have strategically targeted for business growth and this acquisition makes our European networks stronger while allowing us to market Orfival products to our existing North American network.”
Orfival was founded in 1999, and built up a network among European asset managers, insurance companies and pension schemes. It specialises in portfolio management solutions and analytics, and offers performance measurement and attribution, and risk and compliance reporting services.
Philippe Grégoire, managing director of Orfival, said: “We are delighted to now be an integral part of the Confluence business success story. As a global and recognised name in our area of expertise, the Confluence brand is the ideal channel for Orfival to make the quality and efficiency of its products known internationally.”
“We are looking forward to working closely with the Confluence team to provide the best possible data solutions to new and existing clients in our target markets.”
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