- May 24, 2022
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On September 9, SimCorp, an independent provider of SaaS investment management solutions and trusted partner to the global buy side, announced a new partnership with Qontigo, a leading provider of analytics and indices, and part of the Deutsche Börse Group.
The partnership offers SimCorp clients a fully managed
portfolio optimization and risk management and modelling service, within
SimCorp Dimension. It is one of several portfolio optimization and risk
analytics partnerships that SimCorp will grow, to complement and enhance its
own front office suite, with a choice of market-leading tools for alpha
generation and decision making. The partnership forms an integral part of
SimCorp’s Open Platform, designed to democratize access to industry innovation
and simplify vendor management.
Today, asset managers and asset owners license multiple
portfolio optimization tools in order to create competitive edge in an
otherwise low-yield market. However, the sheer choice in the market, coupled
with time-consuming and expensive maintenance of multiple system integrations,
is draining resources and diverting attention away from the core business.
SimCorp’s Open Platform addresses the market need for full-service innovation,
by hand-picking compelling solutions from the best FinTech and industry
providers in their field. To eliminate the operational minefield, these
solutions are wrapped within an end-to-end managed integration and connectivity
service, covering everything, from a single vendor contract to support.
Clients can now integrate Qontigo's best-in-class Axioma
Equity Factor Risk Models, Axioma Portfolio Optimizer™ and Axioma Risk™
directly within SimCorp’s platform and through standardized APIs. Supporting a
wide range of investment management strategies, Axioma Portfolio Optimizer
offers clients a highly flexible and sophisticated approach to customizing
portfolio objectives and constraints. Its leading equity factor risk models
cover a variety of fundamental and statistical variants with multiple horizons,
enabling portfolio and risk managers with one transparent model for a fully
aligned view.
And, through Qontigo’s cloud-native solution Axioma Risk,
SimCorp Dimension users get access to a scalable, multi-asset portfolio risk
management platform designed to support the unique requirements of each
investment manager. Ultimately, the combination of these solutions with SimCorp
Dimension will deliver clients seamless front office workflows, augmenting
portfolio optimization and enriching the investment decision making process.
Anders Kirkeby, Head of Open Innovation, SimCorp,
comments: “We’re very happy to have Qontigo join our Open Platform
partnerships. Our ambition is to provide a strong selection of partners across
the industry, giving clients easy access to innovative solutions, while
maintaining secure and consistent data across the value chain. The approach we
have taken is to offer optionality over championing one provider in a given
space. We’ve done this, for the simple reason that it delivers the flexibility
clients need to drive competitive edge and long-term sustainable growth, with
SimCorp as the backbone. Effectively it cuts out arduous research, compliance
and maintenance of multiple vendor contracts. We believe vendors who can take
on such operational responsibility, and deliver one touch point for all client
needs, will ultimately create the most success for their clients and deliver a
strong ecosystem.”
Brian Rosenberg, Chief Revenue Officer, Qontigo,
adds: “We are pleased to become part of SimCorp’s Open Platform community. This
partnership is a natural fit for Qontigo, as we share a philosophy of open
ecosystem innovation. Providing the end-client with flexibility and choice is
critical to both entities. We have worked together to ensure that the functionality
and competencies of SimCorp’s Asset Manager solution and our market-leading
risk models, portfolio optimizer, and risk management solution, deliver clients
a consistent and transparent view for enriched decision making. We look forward
to working with SimCorp and to witnessing the growing industry network it is
cultivating, to drive client success.”
Press release by SimCorp