Ipreo in the News
21 May 09
Bigdough adds fixed income data
Morningstar augments CRM with new asset classes and more equity ownership information
Ipreo has struck a deal to roll Morningstar's fund ownership data into its Bigdough contact database, giving clients a view of fixed income holdings along with improved equity ownership data.
'For the first time, we can provide companies with a picture of their ownership base across asset classes,' says Bill Sherman, Ipreo's head of global data strategy and analytics.
Bigdough already had contact information and profiles for fixed income investors but detailed bond ownership information was tough to assemble and typically incomplete. Now IROs can see all an institution's holdings, from equities to government bonds and structured products.
Morningstar gets information directly from mutual funds and other investment vehicles such as variable annuities, investment trusts and exchange-traded funds (ETFs), so even its equities data may be more up-to-date and reliable than publicly available sources like 13Fs. Morningstar also has more complete global coverage than what was previously available through public sources.
Ipreo has been getting lots of requests from companies for fixed income information since the financial crisis hit. 'You have fixed income investors interested in understanding the health of the company, and you have equity analysts morphing into credit analysts,' Sherman says. 'An investor could have just $1,000 of your common stock but $100 mn of your bonds. There's a lot of demand for that kind of visibility.'
Neil Stewart
