Home Alternative Investments SS&C’s Asset Allocator Platform Launches & Other News

SS&C’s Asset Allocator Platform Launches & Other News

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In other news, NeoXam has a new client, DKK Partners expands, and MetaCompliance makes its first acquisition.

SS&C Uses FundHub for New Platform

Post-trade systems and software vendor SS&C Technologies reports that it has launched the Asset Allocator Platform, based on FundHub, to provide a holistic view of portfolio holdings, a fund document repository, and performance analysis features.

SS&C GlobeOp describes FundHub as “a web-based tool for building and managing alternative investment portfolios, providing investors with analytics and due diligence capabilities.”

SS&C officials say they are aiming the platform at investors such as pension funds, endowments, foundations, insurance companies, fund of funds, and family offices that “invest in funds, separately managed accounts and related asset classes.”

FundHub helps SS&C’s Global Asset Allocator Service teams “to better support clients world-wide in managing, analyzing, processing and accounting for all investments regardless of asset class,” officials say.

“The new technology delivers fund data aggregation and analysis, holdings look-through, document management, and ABOR and IBOR [investment book of record] reporting on a single integrated platform. The solution also provides reporting and analytical tools for performance measurement, liquidity planning, and exposure analysis to help investors better manage complex portfolios,” officials add.

The University of Wyoming Foundation recently “converted its portfolio of more than 100 private funds” via a team of SS&C fund accountants helping to process “historical performance data going back to 1998,” officials say.

“With the SS&C service team collecting, reconciling and processing all investment activity and managing treasury operations on a timely basis, my team can focus on the business of investing while still maintaining full control of our investment operations,” says Philip Treick, chief investment officer for the University of Wyoming Foundation, in a prepared statement.

Helvetia Picks NeoXam to Aid Asset Management Expansion

European insurance group Helvetia, headquartered in Basel, Switzerland, has selected NeoXam, a financial software provider, to support the continued expansion of Helvetia’s asset management business.

In the future, according to a statement, Helvetia Asset Management, which currently manages more than CHF 65 billion in assets ($67.7 billion), will use NeoXam’s DataHub platform “as part of a comprehensive project to transform their asset management technology,” officials say.

“A key part of the project includes upgrading existing systems….The DataHub solution will be hosted, maintained, and operated by NeoXam for Helvetia,” as part of the Swiss insurance group’s “cloud-first” policy, officials add. — L.Ch

DKK Partners to Open Four Offices  

DKK Partners, which characterizes itself as an “emerging markets (EM) foreign exchange (FX) liquidity provider,” reports a “major global expansion as the company’s revenues surpass £63m ($76.1 million) — up from £3m the previous year.”

The company attributes the growth, to “high demand for DKK’s suite of services, including FX risk management, access to deep liquidity pools, and local collections.”

As a result of the revenue surge, the company intends to open four new offices —  “in the Middle East and across Pan Africa in addition to the company’s headquarters in Mayfair, London.” In addition to the new offices, the company reports an increase in the number of staff members from five to 15 full-time, with more expected “in the coming months.”

DKK was founded by Khalid Talukder, previously of UBS, Citi, and Deutsche Bank, and Dominic Duru of RBS and Citi.

The firm declares that it “enables businesses to manage currency risk in frontier markets.”  — L.Ch

MetaCompliance Acquires MOCH

MetaCompliance, which specializes in security awareness and compliance training, reports that it has acquired MOCH, a cyber-security and compliance provider headquartered in Copenhagen, Denmark.

The acquisition is meant to “enable MetaCompliance to provide additional support to its European customers by helping them to train staff to be more vigilant in an increasingly challenging cyber security threat landscape,” according to a statement.

“The acquisition of MOCH represents an important step in the expansion of MetaCompliance and will add significant capacity and capability to our operations in Europe,” MetaCompliance CEO Robert OBrien says in a prepared statement. “It also reflects our joint commitment to providing customers with a world-class solution that helps to mitigate digital risk through staff awareness initiatives.”

MOCH was co-founded in 1999 by Morten Ørsted and Christian Ravn.

Tenzing, a private equity firm, reported making an investment in MetaCompliance in January 2021. In turn, MOCH is the first acquisition made by MetaCompliance, which has regional head offices in London, Dublin, Porto, and Atlanta, as well as a regional office in Birmingham and a support and development center in Derry-Londonderry, per the statement.

Financial terms of the acquisition have not been disclosed.  — L.Ch

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