Insig AI Plc Insig to support CarVal Clean CLO Product Line (1967G)
July 23 2021 - 2:00AM
UK Regulatory
TIDMINSG
RNS Number : 1967G
Insig AI Plc
23 July 2021
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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 Via SEC Newgate
Steve Cracknell, CEO
Zeus Capital Limited (Nominated Adviser
& Broker)
David Foreman / James Hornigold +44 (0) 203 829 5000
SEC Newgate (Financial PR) +44 (0) 7540 106 366
Robin Tozer / Tom Carnegie / Richard Bicknell insigai@secnewgate.co.uk
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