Fixed income specialist BlueBay Asset Management (BlueBay) has successfully completed the implementation of SimCorp Dimension. The system now supports BlueBay's middle and back office operations across the entire investment book.
Over the past six years, BlueBay has doubled in size, both in terms of assets under management and the number of investment strategies it manages. The firm manages assets of approximately USD58 billion and continues to grow, thus requiring a system that enables a high degree of automation and scalability.
With SimCorp Dimension, BlueBay is able to handle its diverse range of asset classes, focused on fixed income and currencies, in one system. SimCorp Dimension is used to support increasing volumes of trades across a number of core functions, including derivatives clearing, investment book of record (IBOR), fund valuation, investment accounting, collateral management, and data management.
Luc Leclercq (pictured), BlueBay's Chief Operating Officer, says: "SimCorp Dimension gives us very strong operational functionality and scalability. It is closely integrated with our main business applications and as such provides a fully integrated solution. It also provides the simplicity and flexibility required by a dynamic business like ours and enables us to have a timely and accurate overview of our positions and exposures across our investment activities."
Peter Hill, SimCorp's Managing Director for United Kingdom, Ireland & Middle East, says: "We're delighted that BlueBay has gone live and excited about working with them in years to come. To be a progressive business like BlueBay you need to be agile, you need information at your fingertips that's accurate to the second. By implementing SimCorp Dimension and its IBOR, BlueBay has cut out technology incapable of supporting its growth plans and has simplified its investment platform to make such agility a reality."
