RIMES is one of the leading benchmark data management providers for the investment community. Through this agreement, Advent will promote RIMESâ fully managed data aggregation service to its APX clients, globally. RIMES will make available to locally-installed APX clients streamlined access to additional sources of index data for use with the performance analytics capabilities that are built into the APX platform.
Adventâs relationship with RIMES will complement Adventâs index data service, which offers APX clients Standard & Poorâs and Russell Investments security and sector level index performance data, providing seamless automation and integration with APXâs performance analytics.
George McLaughlin, Senior Director at Advent, commented, âWeâre very pleased about our relationship with RIMES who, as a leading provider of index data aggregation services, can provide Advent clients with access to a broad array of index data. Furthermore, this alliance illustrates Adventâs continued commitment to partnering with best-of-breed solutions providers that enhance our core capabilities.â
Jean Edouard Van Praet, Senior Partner at RIMES, commented, âCombining RIMESâ breadth and depth of data and its award-winning fully managed service with APXâs performance analytics capabilities will provide performance measurement and attribution professionals with a powerful portfolio analytics platform. We look forward to working with the Advent team and its clients.â