Four Firms Select SimCorp Dimension for Investment Management Four financial services institutions have selected SimCorp Dimension as their investment management system. London-based Cazenove Fund Management (CFM) will use SimCorp's investment management solution to support all its back office operations, including client reporting. The scope of the implementation covers all CFM's retail, institutional and private client funds. Belgium-based ING Insurance will use SimCorp Dimension for its investment back office operations. The Abu Dhabi Investment Authority (ADIA) will use SimCorp Dimension to cover its front and middle office requirements for ADIA's equities departments and back office and accounting requirements across all asset types. Forsakringsforeningen for det Statliga Omradet (FSO), a Swedish pension fund that manages pensions for state employees, will use SimCorp Dimension as its integrated systems platform to handle the entire investment process, from analysis over performance reporting to cash management, accounting and compliance.
Indata Releases Web-Based Reporting Module Based on Microsoft SQL
Indata, a software provider for investment management firms has released a new web-based client reporting module based on Microsoft SQL Server Reporting Services, a server-based solution for creating, managing, and delivering both traditional, paper-oriented reports and interactive, Web-based reports. According to an official Indata statement, the new reporting module will provide significant improvements in their internal and external reporting processes including centralization of data (the reporting function resides within the firm via the web) and the ability for electronic delivery of reports based on data-driven subscriptions for a variety of standard formats (PDF, Excel, HTML, XML, etc.). For more information about Microsoft SQL Server Reporting Services, please visit www.microsoft.com.
Liberty Corner Cash Management Goes Live with CecilRep 2.0
Liberty Corner Cash Management, a Summit, New Jersey-based registered investment advisor with over $15 billion assets under management, has selected CecilRep 2.0, a real-time portfolio reporting software by New York, NY-based Kledaras Technologies. "CecilRep 2.0 is an extraordinary software giving Liberty Corner's portfolio managers the capability to provide our clients with secure, real-time, complex portfolio information over the Web," said Terry Pigott, the firm's senior portfolio manager, in the press release. Sean McNamara, founder and managing director of Liberty Corner, added that the firm chose the solutions for its reasonable cost and ability to organize customer data in a "clear, consistent way."
James Brearley & Sons Selects Wealthmaster for Its Front Office
James Brearley & Sons, a UK-based stockbroker and investment manager, has implemented the Wealthmaster Front Office product, by UK-based Investmaster Group, a systems provider for wealth managers and institutional brokers. The recent implementation is part of the firm's strategy to achieve increased Straight Through Processing (STP) capabilities and to enhance their portfolio management efficiencies. James Brearley & Sons already use Investmaster's 4i-Core back office system and were able to quickly and easily interface Wealthmaster Front Office with 4i-Core, giving them a fully integrated front to back office solution. "After reviewing a number of options we found Wealthmaster Front Office a most comprehensive offering which will now enable us to continue our expansion, yet maintain appropriate control over the positioning of clients' portfolios on a day to day basis," said David Hannis, a director at James Brearley & Sons, in the press release.
Wealthmaster Front Office allows real-time interaction with clients' portfolios and has its own order management and execution service. The recently enhanced version includes new features like portfolio modeling, performance measurement, order execution and pre and post-trade compliance. The portfolio modeling functionality allows users to compare the portfolio holdings for both individuals and client groups against user defined models. Models can be constructed at sector or stock level and orders can be automatically generated to bring portfolios into line. The performance measurement capability also enables users to compare the performance of a portfolio against either a recognized benchmark or user defined indices.