The deal will integrate the mortgage and fixed income analytics and pricing expertise of Clayton IPS and MountainView, enabling clients of both firms to expand their capabilities, claims MountainView.
According to the wealth manager, the IPS unit offers fixed income managers and investors with third-party, fair market pricing for hard-to-value securities, such as RMBS, CMBS and ABS.
Clayton IPS, rebranded as MountainView IPS’ team, also evaluates residential whole loans, credit default swaps, secured corporate debt, and structured debt transactions.
Upon completion of the deal, the employees and proprietary tools of Clayton IPS became part of the MountainView Analytics division in Denver.
MountainView IPS senior vice president Scott Gibson said the planning of this transaction produced a seamless transition for IPS clients and employees, and the new opportunities were tremendous.
Both parties have also entered into an agreement, pursuant to which each firm can offer their respective clients integrated access to the broad range of services provided by both firms.
The strategic cooperation will facilitate their clients a menu of services and credentials that is not otherwise available in the market today.
