Client Overview
- Asset Manager
- AUM: $20+ billion
- Global
- Investment strategies: multi-asset, fixed income, equities and alternatives
Problems Faced
Replace a legacy 10+ year old internal proprietary order and portfolio system that utilized a patchwork of outdated processes, outsourcing and workarounds for different asset classes. Impeded the ability of the firm to easily scale. Wanted a system that could handle everything, especially their expanding footprint in structured credit and CLOs.
Broadridge Solution
One system that could handle all asset classes and investment strategies, with expansion in structured credit, private debt, bank debt and CLOs. A single portfolio management solution and underlying data infrastructure providing support for complex credit instruments.
Order & Portfolio Management, Security & Price Master, Data Warehouse
- Consolidated technology platform
- Portfolio management & trade order execution
- Data warehouse, client reporting & dashboards
- Reference data – price & security
- MiFID II compliance & disclosure requirements
Why Broadridge
- Broadridge offered a higher touch sales process
- Broadridge provides (1) bank debt solution in addition to standard credit workflows; (2) MIFID II trade/transaction reporting
- Broadridge committed some development to customizing their allocation mechanisms
- Existing relationships from prime broker were beneficial to the discussion
Client Results
- Accelerated product innovation with seamless portfolio and order management for public and private asset classes, including the most complex assets.
- Flexible system launched CLOs more quickly and managed each CLO’s unique requirements for waterfall, compliance and loan administration.
- Supplemented the client’s internal team with interim Broadridge project management, consulting and outsourcing/BPO support.
Learn more about our portfolio management solution.
