NEW YORK -- (BUSINESS WIRE) -- SimCorp, a leading provider of investment management solutions for the global financial services industry, today released an in-depth video describing the benefits of centralized position-keeping to support the buy-side’s investment strategy.
The video, entitled “A Single Source of the Truth,” features Alex Tabb, Partner of TABB Group, and David Kubersky, Managing Director for SimCorp North America. The two discuss how centralized position-keeping can provide a single investment book of record across all assets.
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“There is a strong business case for the buy-side to move away from disparate systems that are prone to reconciliation errors in favor of a multi-asset class system that supports the entire trade lifecycle,” explains Kubersky. “In order to manage a solvent fund, and drive alpha, you need to know what you own, understand the value of your entire portfolio and the associated exposure.”
“Regulation may be moving [centralizing position-keeping] forward, but it’s the business case that’s going to drive the real need for a single source of truth,” concludes Tabb.
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors. For more information about SimCorp’s products, please visit www.simcorp.com/product.
TabbFORUM is the site for thought leadership on important issues affecting global capital markets. Launched by TABB Group in February 2010 exclusively for capital markets professionals, TabbFORUM is "where capital markets speak" - it's the place for exchanging ideas and information, finding out what your colleagues in the industry are thinking about, and engaging in lively debate. Much of our content is contributed by industry professionals for other industry professionals; in fact, our roster of industry contributors reads like a "who's who" of the industry. TABB Group supplements all of this with commentary and research written by our own executives and analysts, plus relevant news items, press releases and event listings (www.tabbforum.com).