London-based fixed income specialist Bluebay Asset Management has implemented SimCorp Dimension to support its middle and back office operations across the entire investment book.
Bluebay will use SimCorp Dimension to manage its diverse range of asset classes, focused on fixed income and currencies, in single system.
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The platform will also allow Bluebay 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.
With approximately $58bn assets under management, BlueBay required a single system that enabled a high degree of automation and scalability.
BlueBay COO Luc Leclercq said: "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."
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By GlobalDataSimCorp managing director for United Kingdom, Ireland & Middle East, Peter Hill said: "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."
