Insig AI Plc

Insig to support CarVal Clean CLO Product Line

RNS Number : 1967G
Insig AI Plc
23 July 2021
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. It forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.  

 

23 July 2021


Insig AI plc

("Insig AI" or the "Company")

 

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

 

Insig AI plc (AIM:INSG), 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.

 

For further information, please visit  www.insg.ai , or contact:

 

Insig AI Plc

Steve Cracknell, CEO 

 Via SEC Newgate

 

Zeus Capital Limited  (Nominated Adviser & Broker)

David Foreman / James Hornigold

 

 

+44 (0) 203 829 5000

SEC Newgate (Financial PR)

Robin Tozer / Tom Carnegie / Richard Bicknell 

+44 (0) 7540 106 366

[email protected]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
CNTPPUBCMUPGGAP