05.01.2017

AB Selects Bloomberg Evaluated Fixed Income Pricing

New York May 1, 2017 — AllianceBernstein (AB) has selected Bloomberg’s evaluated pricing service (BVAL) to benchmark and corroborate end-of-day values of its U.S. fixed income portfolio investments.

AB is a leading global investment firm with $498 billion in assets under management. It uses fundamental and quantitative research to assemble a broad array of investment services to a global client base. AB licenses BVAL data to calculate the net asset value (NAV) of its corporate, government and municipal bond investments. Bloomberg provides broad coverage of U.S. fixed income securities, access to in-house evaluator teams and transparency into BVAL pricing models through Bloomberg Terminal screens.

BVAL’s unique methodology draws on real-time access to market observations from a wealth of contributed sources that produces credible, defensible and independent valuations for more than 2.5 million fixed income securities and over-the-counter derivatives. The accumulated mass of market data is the main driver of this innovative and quantitative approach, which first corroborates market levels on actively traded bonds and then derives a comparable relative value price for securities that are less liquid. Since the prices are derived algorithmically using the most recent market data, BVAL prices track current market conditions and consistently stand-up to rigid quality tests.

“Regulators now demand a transparent and rigorous process for establishing fair and independent asset evaluations,” said Varun Pawar, global head of Bloomberg’s evaluated pricing service. “BVAL meets the needs of the largest and most respected investment managers because we provide transparency into our pricing methodologies as well as unparalleled client support through our practiced team of evaluators.”

BVAL is the primary pricing source for the Bloomberg Barclays bond indices which are widely recognized benchmarks for fixed income investors.

To learn more about Bloomberg’s evaluated pricing service for fixed income please visit www.bloomberg.com/professional/product/pricing-data/

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