Daily News | Main Line financiers back West Chester firm that tracks Russian assets and many others
These big U.S. investors needed data fast to brace for what turned out to be a collapse in valuations that left them looking for ways to mark down and, in response to Western economic sanctions and public outrage over Russian armed forces bombing cities.
Investors “require expertise and transparency, so they can use digital technology to see risks bubbling up,” noted Lovell’s Hoffman. STP’s public-pension clients include pension funds in California, Texas, and its home state of Pennsylvania, where the state school pension system paid STP $667,000 last year as its “Investment Accounting Application Service Provider.”
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