London, 17 June 2008: CMA, the credit information specialist, today announced that Augustus Asset Management has selected CMA DataVision and Derivation Software to provide independent CDS price verification services. Augustus, a London based fund manager with $13.5bn in assets under management, will receive prices from DataVision's buy-side consortium model via the Derivation platform.

Michael Allen, Chief Operations Officer at Augustus explained the background to the deal: "Augustus has been actively trading credit for about 4 years. We wanted a reliable data set that could be used by both the front and middle offices to price positions and perform flash P&L for a variety of alternative and mutual fund strategies and that would help with Augustus's ongoing drive to comply with AIMA / IOSCO valuation guidelines. We'd been speaking with Derivation as they have the ability to manage a wide variety of securities and they recommended CMA to us. During the ...   more »