Lombard Odier Investment Managers, the asset management business of the Lombard Odier Group, has extended its partnership with Bloomberg to streamline investment and risk management.
Under the new tie-up, the asset manager will leverage Bloomberg’s PORT Enterprise solution to support its portfolio and risk management across multiple assets classes.
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By GlobalDataLombard Odier IM integrated PORT Enterprise last year to support performance attribution and risk management of its fixed income holdings.
The firm will now extend the use of PORT Enterprise to include equity portfolio attribution calculation.
The move is expected to combine portfolio and order management across the company’s equity and fixed income asset management business, leveraging Bloomberg’s Buy-Side solutions.
Bloomberg’s Buy-Side solutions include its order management system AIM and PORT Enterprise.
Lombard Odier IM has been using Bloomberg’s AIM for a long time.
Lombard Odier IM COO Alexandre Meyer said: “Using Bloomberg has enabled us to streamline our operating model by providing us with one infrastructure for our multiple workflows for equity and fixed income.
“Instead of having several separate systems, we now have all securities defined and disseminated in one way across our organization – this creates efficiencies and saves time. Furthermore, we were able to quickly and easily expand our use of PORT Enterprise thanks to the very stable production environment, despite the pandemic.”
Bloomberg global head of buy-side solutions Ian Peckett added: “We are delighted to continue supporting Lombard Odier IM’s business, and work with them to optimise their investment and portfolio management processes.
“Our integrated and scalable buy-side solutions support the entire front-to-back workflows for our clients as they look to ensure data consistency and streamline workflows across multiple asset classes.”
In addition to Bloomberg’s Buy-Side solutions, Lombard Odier IM also leverages Bloomberg Barclays fixed income indices for multiple strategies.
In September this year, Charles Taylor Investment Management adopted Bloomberg’s Buy-Side solutions.