NEW YORK--(SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Partners Capital Investment Group, LLC, has gone live with SimCorp Dimension to support back- and middle-office functions. Partners Capital is a leading private investment office, located in London, Boston and Hong Kong, with approximately $8 billion of assets under management. The firm advises a wide range of clients across diverse and complex multi-asset class portfolios.)--
“It is a well-rounded solution that improves the efficiency of our processes and enhances the quality of our information across our business. This makes our business more scalable and enables us to improve the reporting we provide to our clients”
“SimCorp Dimension is one of the best developed, single solution systems in the marketplace,” says Toby Seth, partner and chief operating officer at Partners Capital. “SimCorp has an extensive software development team and the SimCorp Dimension product is constantly being enhanced and improved so we can be confident that it will support our business for many years to come. We find that the team at SimCorp takes the time to understand our business needs and requirements across our clients, functions, asset classes and products.”
SimCorp Dimension provides all the investment accounting solutions and supports the middle- and back-office processing requirements of Partners Capital. Additional functional modules can be easily implemented without the necessity of installing another database.
In the future, Partners Capital expects to extend the use of this seamless processing based, investment management solution to also support other areas of its business such as portfolio management and compliance.
Looking to the future was an important consideration in the original selection of SimCorp Dimension. In its search for the right system and business partner, Partners Capital had thoroughly researched the global investment management software market, considering many vendors over an eight month period. They wanted a system that could both be extended functionally and stand the test of time.
“It is a well-rounded solution that improves the efficiency of our processes and enhances the quality of our information across our business. This makes our business more scalable and enables us to improve the reporting we provide to our clients,” concludes Seth.
SimCorp Ltd.’s sales and marketing director, Cath Rawcliffe, is also pleased with the success of the implementation of SimCorp Dimension at the firm: “Partners Capital provides its clients with investment offerings and service of a breadth and standard found only at the forefront of the wealth industry,” she notes. “So to be able to help them improve their operational efficiency and position themselves to grow their business in this way proves the effectiveness and value of SimCorp Dimension for this kind of business.”
Partners Capital has been a SimCorp client since May 2011.
About Partners Capital
Partners Capital Investment Group (“Partners Capital”) is a Private Investment Office, based in London, Boston and Hong Kong, serving high net worth families, foundations, trusts and endowments. It provides wholly independent advice on asset allocation and best of breed asset manager selection, across all asset classes and geographic markets.
The firm’s clients tend to be sophisticated, well informed, experienced investors. Clients are often from within the investment community but the firm is also amongst the leading advisers to endowments and foundations including twelve Oxford and Cambridge College endowments, some of the largest school endowments in the UK, including Eton College, and foundations such as the British Museum, The Royal Academy of Arts and The Cancer Research Institute.
Since 1971, SimCorp has been providing investment and portfolio management solutions 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.