Insig to support CarVal Clean Collateralised Loan Obligations (“CLO”) Product Line

  • Artificial Intelligence , Asset Management , Data
  • 23.07.2021 09:40 am

Insig AI plc., the data science and machine learning solutions company serving the asset management industry, is delighted to announce that CarVal Investors, L.P. (“CarVal”), a global alternative investment manager, and Insig AI Corporation, a wholly-owned subsidiary of the Company, have entered into binding heads of terms (“Heads of Terms”) for Insig AI to combine its ESG tools with CarVal’s proprietary ESG risk scoring methodology and apply this to the future CarVal Clean CLO product line.

The launch will mark the first deployment of Insig AI’s and CarVal’s jointly developed ESG technology. This new technology is understood by Insig AI to be the first of its kind in fixed income, enabling asset managers to develop and execute a high-performing, data-led ESG investing strategy by providing transparent and evidence-based ESG scoring and interrogation whilst also allowing for comparison to relevant benchmarks. 

As announced on 20 July 2021, Insig ESG is also currently being validated by a number of other potential asset manager clients in the UK and internationally. The Company looks forward to updating the market further on these developments in due course.

Steve Cracknell, Chief Executive of Insig AI, said: “We are excited to be working in collaboration with CarVal to support the launch of this ground-breaking tool. When launched, the CarVal Clean CLO platform will underscore the powerful role that our innovative, jointly developed ESG scoring and interrogation tool can play in enabling both investment and asset managers to develop and execute a data-led ESG investing strategy, for which there is rapidly growing demand at present. We look forward to supporting CarVal with any further ESG-focused products they launch.”

This announcement has been approved by Steve Cracknell, CEO, on behalf of the Company.

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