SimCorp , a leading provider of investment management solutions and services for the global financial services industry, announces that global fixed income specialist, BlueBay Asset Management (BlueBay), has successfully completed the implementation of SimCorp Dimension. The system now supports BlueBay’s middle and back office operations across the entire investment book.
Over the past six years, BlueBay has doubled in size, both in terms of assets under management and the number of investment strategies it manages. The firm manages assets of approximately $58bn and continues to grow, thus requiring a system that enables a high degree of automation and scalability.
With SimCorp Dimension, BlueBay is able to handle its diverse range of asset classes, focused on fixed income and currencies, in one system. SimCorp Dimension is used to support increasing volumes of trades across a number of core functions, including derivatives clearing, investment book of record (IBOR), fund valuation, investment accounting, collateral management, and data management.
Luc Leclercq, BlueBay’s Chief Operating Officer, comments: “SimCorp Dimension gives us very strong operational functionality and scalability. It is closely integrated with our main business applications and as such provides a fully integrated solution. It also provides the simplicity and flexibility required by a dynamic business like ours and enables us to have a timely and accurate overview of our positions and exposures across our investment activities.”
Peter Hill, SimCorp’s Managing Director for United Kingdom, Ireland & Middle East, says: “We’re delighted that BlueBay has gone live and excited about working with them in years to come. To be a progressive business like BlueBay you need to be agile, you need information at your fingertips that’s accurate to the second. By implementing SimCorp Dimension and its IBOR, BlueBay has cut out technology incapable of supporting its growth plans and has simplified its investment platform to make such agility a reality.”
Enquiries regarding this announcement should be addressed to: Indre Dudulyte, Greentarget, indre.dudulyte@greentarget.com, +44 (0) 207 250 6995 John Mayr, SimCorp Ltd., john.c.mayr@simcorp.com, +44 (0) 20 7260 1903
About BlueBay Asset Management BlueBay is a specialist global fixed income asset manager. Headquartered in London with offices in the US, Japan, Hong Kong, Switzerland, Ireland and Luxembourg, we manage approximately US$58 billion for institutions and high-net worth individuals (as at 30 September 2015). With a hedge fund heritage and by staying true to our specialist fixed income roots, the firm pioneers new investment strategies using a broad range of sub-asset class expertise, with a focus on capital preservation. The firm invests for clients across the fixed income spectrum on a global scale, from active long-only (benchmark aware) portfolios to hedge funds/private debt, in addition to blending investment styles and using a range of sophisticated tools in order to exploit all factors of return. BlueBay Asset Management LLP is wholly-owned by Royal Bank of Canada and part of the RBC asset management division, RBC Global Asset Management group of businesses.
BlueBay Asset Management LLP is authorised and regulated by the Financial Conduct Authority.
About SimCorp Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com .
