Tech roundup – April 2017

Here are some recent technology-based developments in the fund management industry, starting with Spanish firm VidaCaixa’s use of an ‘investment book of record’ system from Simcorp.

SPAIN’S VIDACAIXA SELECTS SIMCORP FOR IBOR
The investment arm of Spanish insurer, VidaCaixa selected Simcorp for its front and middle office platform, Dimension.

The agreement covers Ibor – the ‘investment book of record’ – as well as data management, performance measurement, and pre-and post-trade compliance. The system will be used for VidaCaixa’s own investments and for its pension funds.

VidaCaixa is part of the CaixaBank Group and manages more than €67 billion.

AXIOMA ENHANCES PERFORMANCE ATTRIBUTION
Risk management systems provider Axioma launched a new version of its Axioma Portfolio Analytics and Risk Model Machine, saying performance attribution and risk analysis had been made faster, and usability improved.

Mark Cushey, director of product management at Axioma, said “parallel processing” had achieved a nearly four-hold increase in the speed of performance attribution and time-series risk analysis.

Among other changes, ETF and fund-of-funds “factor-based performance attribution” is used for analysis to improve performance attribution.

VC INVESTMENT IN RAVENPACK
Draper Espirit, a venture capital firm, said it had invested in fintech company RavenPack. The announcement accompanied the launch of RavenPack’s  “self-service data and visualization platform” – a big data solution aimed at asset managers and others. It enables financial professionals to analyse unstructured data for investing and trading, and to support risk management and compliance.

©2017 funds europe

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