According to the companies, the IPS unit provides fixed income managers and investors with third-party, fair market pricing for hard-to-value securities. The team also values residential whole loans, credit default swaps, secured corporate debt and structured debt transactions. Clayton IPS will operate under the name of MountainView IPS.
MountainView Capital Holdings and Clayton Holdings also formed a strategic alliance whereby each firm can offer its respective clients integrated access to the broad range of services provided by both firms. Clayton's industry-leading surveillance business will continue to be based and operated out of their Denver location.
‘The planning of this transaction produced a seamless transition for IPS clients and employees, and the new opportunities for them are tremendous,’ says Scott Gibson, MountainView IPS senior vice president, who led the IPS team at Clayton. ‘My staff is excited about the opportunity to access the market insights of MountainView's analytics, sales and trading, and asset management divisions, and we look forward to bringing this additional expertise to our clients.’