|By PR Newswire||
|January 31, 2014 12:13 PM EST||
BOSTON, Jan. 31, 2014 /PRNewswire/ -- Inflexible portfolio management infrastructures are hindering investment management companies' ability to adapt to organizational and market changes, according to a new white paper sponsored by Eagle Investment Systems LLC (Eagle), a leading provider of financial services technology and a subsidiary of BNY Mellon.
The white paper, A Data-Centric Approach to Portfolio Management, was released by Waters Technology and based on survey responses from senior executives at investment management companies and asset managers who assessed current practices around Investment Book of Record (IBOR) and portfolio management. The white paper can be downloaded at http://www.eagleinvsys.com/learning-center/collateral.cfm.
The paper reveals that nearly half of the survey respondents believe it is presently quite difficult to adapt their organization's portfolio management infrastructure in the face of changing internal or external environments such as the integration of new systems, expansion into new product areas or asset classes, and changing rules and regulations or market trends.
The survey exposes that a quarter of data managers are not satisfied with their current portfolio management solution when it comes to sourcing, organizing and managing data.
The paper also discloses that more than half of organizations still use several different systems to compile an IBOR, potentially leading to inaccurate data and increased operational complexity. These companies are using anywhere between two and eight systems to complete the process of generating an IBOR.
"Our research reveals the difficulties many investment firms face and the importance of data management when it comes to efficiently and accurately managing portfolios," said Mal Cullen, Eagle managing director and head of the Americas and Eagle ACCESS(SM). "Many use numerous systems that they've either inherited through acquisitions or bolted-on as they've added new products or entered new geographies. This inevitably affects the speed and accuracy of reporting and decision-making."
"Firms should consider adopting a data-centric approach to their portfolio management and IBOR, where the investment data for all assets is available through a single, centralized database," Cullen added.
In recent years, IBOR has emerged as a valuable tool for investment managers, both in handling the abundance of information and meeting new financial regulations. An IBOR uses information gathered from across the business to provide a consistent and accurate overview of a company's assets for enterprise-wide consumption.
However, where underlying information is siloed, by asset class or geography for example, and multiple systems are used, producing an accurate IBOR can become hugely time-consuming and fraught with difficulty. This has led to nearly one-in-three data managers concluding that effective management of the data required to produce an IBOR for their organization remains out of reach.
Waters Technology will host a breakfast meeting in New York on February 4, 2014 focused on defining, advocating for, and implementing an effective IBOR. Eagle's Mal Cullen will participate on a panel focused on best practices and guidelines for developing an IBOR capability. For more information, please visit: http://events.waterstechnology.com/bbibornewyork/static/agenda-2013
Eagle is committed to helping financial institutions worldwide grow assets efficiently with its innovative portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Since 1989, Eagle has deployed trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at www.eagleinvsys.com.
BNY Mellon's Asset Servicing business supports institutional investors in today's fast-evolving markets, safeguarding assets and enhancing the management and administration of client investments through services that process, monitor and measure data from around the world. We leverage our global footprint and local expertise to deliver insight and solutions across every stage of the investment lifecycle.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of December 31, 2013, BNY Mellon had $27.6 trillion in assets under custody and/or administration and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com or follow us on Twitter @BNYMellon.
SOURCE Eagle Investment Systems LLC
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 27, 2015 03:45 PM EDT Reads: 601
SYS-CON Events announced today that Vitria Technology, Inc. will exhibit at SYS-CON’s @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Vitria will showcase the company’s new IoT Analytics Platform through live demonstrations at booth #330. Vitria’s IoT Analytics Platform, fully integrated and powered by an operational intelligence engine, enables customers to rapidly build and operationalize advanced analytics to deliver timely business outcomes ...
Mar. 27, 2015 03:30 PM EDT Reads: 2,078
Are your applications getting in the way of your business strategy? It’s time to rethink your IT approach. In his session at 16th Cloud Expo, Madhukar Kumar, Vice President, Product Management at Liaison Technologies, will discuss a new data-centric approach to IT that allows your data, not applications, to inform business strategy. By moving away from an application-centric IT model where data integration and analysis are subservient to the constraints of applications, your organization will b...
Mar. 27, 2015 03:15 PM EDT Reads: 2,436
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Thi...
Mar. 27, 2015 03:15 PM EDT Reads: 1,332
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY., and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and eas...
Mar. 27, 2015 03:00 PM EDT Reads: 2,901
WSM International has launched a DevOps services division that offers assessment, consulting and implementation to large enterprises and organizations with complex infrastructures. The concept of DevOps is to blend information technology (IT) software development with operations to optimize the computing infrastructure according to the specific needs of the organization. According to a recent press release from Gartner, "By 2016, DevOps will evolve from a niche strategy employed by large cloud ...
Mar. 27, 2015 03:00 PM EDT Reads: 1,025
SYS-CON Events announced today that Solgenia will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgenia is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional S...
Mar. 27, 2015 03:00 PM EDT Reads: 2,569
SYS-CON Events announced today that QTS Realty Trust, one of the nation’s largest and fastest-growing providers of data center facilities and cloud services and a leader in security and compliance, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. QTS Realty Trust, Inc. (NYSE: QTS) is a leading national provider of data center solutions and fully managed services, and a leader in security and compliance...
Mar. 27, 2015 03:00 PM EDT Reads: 1,084
SYS-CON Events announced today that WSM International (WSM), the world’s leading cloud and server migration services provider, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. WSM is a solutions integrator with a core focus on cloud and server migration, transformation and DevOps services.
Mar. 27, 2015 03:00 PM EDT Reads: 1,086
SYS-CON Events announced today that Liaison Technologies, a leading provider of data management and integration cloud services and solutions, has been named "Silver Sponsor" of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York, NY. Liaison Technologies is a recognized market leader in providing cloud-enabled data integration and data management solutions to break down complex information barriers, enabling enterprises to make sm...
Mar. 27, 2015 03:00 PM EDT Reads: 3,320
What’s inside the cloud? Hard work. Cloud operators know the world inside the datacenter is gritty. Vendor marketing speak and cloudwashing quickly melt in the heat of SLAs, uptime guarantees, and users who want it now. In his session at DevOps Summit, Hernan Alvarez, Chief Product Officer at Blue Box Group, will deliver an unvarnished look inside the world of cloud operators, from the perspective of someone who lives it. Attendees get a front-row look into the toolkits and processes that enabl...
Mar. 27, 2015 03:00 PM EDT Reads: 1,426
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 27, 2015 03:00 PM EDT Reads: 1,300
Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting and anomaly detection (SPM), log management and analytics (Logsene), and search analytics (SSA). We also provide Search and Big Data consulting services and offer 24/7 production support for Solr and Elasticsearch.
Mar. 27, 2015 02:15 PM EDT Reads: 1,385
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, will explain the best practices of continuous testing at high scale, which is r...
Mar. 27, 2015 02:00 PM EDT Reads: 1,882
SYS-CON Events announced today that CommVault has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY, and the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular In...
Mar. 27, 2015 02:00 PM EDT Reads: 1,458