TradeTech 2008 Names Charles River Investment Management System “Best Buy-Side OMS” for Second Consecutive Year

Charles River Investment Management System named “Best Buy-Side OMS” for the second consecutive year. This award, presented April 23rd at TradeTech 2008 in Paris, recognizes Charles River as the leading order management system provider for European investment firms in terms of user satisfaction, cost efficiency, reliability and speed.

West LB Mellon Asset Management entscheidet sich für SunGard Asset Arena

Da ist er also, der erste GP3-Kunde in Deutschland (über den man auch berichten darf). Den hat sich Sungard sich auch hart verdient, schließlich gab es lange einen anderen Favoriten für den Abschluß.

Eingesetzt wird auch das Modul Post-Trade-Compliance, und das an den Standarten Düsseldorf und London der WestLB Mellon Asset Management.

Mitsubishi UFJ Asset Management selects SimCorp Dimension

Another sales success for SimCorp: Mitsubishi UFJ Asset Management has chosen SimCorp Dimension for its middle and back-office tasks.

If you look at their home page the job offers directly reflect the closed deals they have made lately in Germany and the UK...

McKinsey & Company – 2007 European Asset Management Economics Survey

This long awaited survey contains several key findings, amongst them are three that I find most interesting:

• Institutional AuM maintained double-digit growth at 14%, but down from 20% in 2005, while retail growth fell back from 14% in 2005 to 8% in 2006. Alternative assets continue to attract high inflows (net inflows in retail stood at 7% of assets and an impressive 20% in institutional), and as in 2005 retail investors are substituting classic asset management products with other types of investments, notably exchange-traded funds (ETFs), unit-linked products, retail certificates and liquidity accounts.
• Scandinavia and France experienced double-digit growth in profitability, while Germany, the UK and Benelux also improved their profitability but remain below the European average. The UK continued to be the least profitable market owing to its high share of institutional business.
• Comparing cost levels between countries, the UK, Germany, Benelux and Switzerland had cost levels above 20bp – above the European average of 18.9bp. Germany however is still taking cost containment measures, with an attendant decline in operating costs. As in previous years, Spain, Portugal and Italy had the lowest costs, followed by Scandinavia where cost margins actually fell by 5% to 14.4bp. Fund management costs were high in Switzerland and France (7.4bp and 7.2bp respectively), only topped by the UK with 10.4bp.

Ashmore chooses SimCorp Dimension

Yet another client for SimCorp: Ashmore Investment Management Limited, an investment manager in the UK and with 31.6 billion US $ not exactly small, is dedicated to emerging markets.