Vichara Technologies, Inc., a leading capital markets technology firm, announced today that DoubleLine Capital LP has licensed Vichara’s V*CLO platform for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.
Hoboken, NJ, US., May 27, 2014 - (PressReleasePoint) - New York/London (May 27, 2014) - Vichara Technologies, Inc., a leading capital markets technology firm, announced today that DoubleLine Capital LP has licensed Vichara’s V*CLO platform for analysis of collateralized loan obligations (CLOs) and their underlying collateral pools.
Vichara’s V*CLO product is a valuable addition to DoubleLine’s overall trading platform. “The DoubleLine fixed income teams require IT solutions that can be customized to our investment approaches and existing platforms,” said Casey Moore, Chief Technology Officer of DoubleLine. “In the CLO space, there are several systems that collect similar data points, generate canned reports and perform various degrees of analytics. Vichara’s V*CLO platform was customizable to our needs, enabling us to quickly stratify the CLO universe into our targeted cohorts for analysis by our analysts, traders and portfolio managers. In addition, I was impressed with Vichara’s willingness and ability to tailor the software to our exact requirements.”
Steve Segretta, Head of Vichara’s CLO and Corporate Credit Products, said, “DoubleLine is a valued client of our firm, and it was important that we tailor our solution to their specific needs. This is consistent with our core philosophy, which is to provide best-in-class solutions to customer problems. We’re excited about the opportunity to expand our relationship with DoubleLine and look forward to helping their team gain an advantage when trading and analyzing bonds in the CLO market.” V*CLO integrates Intex’s cash flow engine and loan level data, underlying portfolio prices and customer trade data into a comprehensive platform for advanced bond, portfolio and market analysis. Among its many features, V*CLO includes: multi-scenario loan-level cash flow forecasting and pricing, market value coverage and relative value analysis, automated bid list processing and trade management, deterministic and stochastic analysis, custom viewing, reporting and data visualization.
V*CLO is customizable to a client’s specific needs and integrates third party or proprietary data, analytics and credit models. The system fits seamlessly within Vichara’s cross-product platform as part of an enterprise-wide structured credit solution. Vichara’s products are home grown, fully scalable, and highly efficient through grid processing across client hosted or public clouds.
About Vichara Technologies
Vichara Technologies is a technology and consulting company that develops software, builds custom systems and provides advice to institutional clients operating in the fixed income markets. Vichara’s V* platform (pronounced V-Star) platform provides valuation, analysis, and data management for traders, portfolio managers and risk managers operating in the CLO, RMBS, CMBS, and whole loan markets. As a part of its consulting business, Vichara additionally designs, implements, and customizes enterprise systems for securities trading, portfolio management, asset securitization, risk management, e-finance and financial operations. Vichara also helps clients manage and transform their IT and software infrastructure through consolidation, integration, automation and virtualization. The firm is headquartered in New York and has additional offices in the US, Europe and Asia and Latin America. To learn more, please visit http://www.vichara.com.
About DoubleLine Capital
DoubleLine Capital LP is a registered investment adviser under the Investment Advisers Act of 1940. DoubleLine and its affiliates (DoubleLine) manages approximately $50 billion in assets held in closed- and open-end 1940 Act funds, separate accounts, annuities, hedge funds and UCITS. DoubleLine manages investment strategies focused on specific asset classes and strategies of multi-sector portfolios combining active asset allocation with bottom-up security selection. DoubleLine’s headquarters is in Los Angeles, CA. The firm’s offices can be reached by telephone at (213) 633-8200 or by e-mail at email@example.com.
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