Financial data and technology company SCORPEO has launched a new Corporate Actions TCA application to enable investment managers to identify where significant value is being missed in their portfolios.
TCA has become an essential transparency tool for investors across asset classes including equities, fixed income and FX, and has been universally adopted but until now there has been little focus on the value in corporate action elections.
“Under MiFID II, investment managers must report on corporate action decisions for the first time which creates transparency and accountability on the impact these decisions have on investment returns.” says Matt Ruoss (pictured), CEO, SCORPEO UK. “Utilising our extensive data and working with our clients, we are pleased to have launched the first ever such TCA analysis for corporate actions.”
With over USD1 billion missed on scrip dividend elections every year, we have seen growing demand from clients who want to identify performance gains. The launch of our web application makes the data analysis easily accessible for clients, who can now login and create reports to see where value is being missed.
“Investment managers have mandates to maximise returns for their clients. Eliminating sub-optimal decisions is important for investment managers in terms of aligning fiduciary responsibilities and performance. SCORPEO Corporate Actions TCATM is a vital report for asset owners and fund managers providing the transparency they need to meet reporting obligations,” says Jonny Ruck, CEO, SCORPEO US.
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