SimCorp's Survey Report Highlights IBOR's Importance

SimCorp's Survey Report Highlights IBOR's Importance

By Capital Markets CIO Outlook | Friday, November 30, 2018

FREMONT, CA: Majority of the executives from investments management firms agree that Investment Book of Record is important to have an on-demand access to portfolio calculations across asset classes, reports SimCorp, a provider of investment management solutions and services for the global financial services.

 According to the SimCorp’s survey, of the 136 buy-side executives from 79 investment management firms who participated, 60 percent said that the portfolio managers and traders are the important beneficiaries in the organization. 95 percent agreed that it was important to have on-demand access which an IBOR delivers, and 58 percent of them said they had no plans for IBOR’s initiative in 2014.

Todd Healy of BMO Global Asset Management, a global investment manager and an early adopter of IBOR, joined the webinar to highlight its benefits. “The greatest business advantage for BMO is that the IBOR provides the most up-to-date position data to drive better portfolio and trading decisions. At all times, the IBOR contains full, accurate information on which our portfolio managers can make investment decisions and traders can trade. The risk of wrong decision-making based on incorrect data is simply too high to continue being ignored,” said Todd.

“While near term resourcing strains and competing demands often inhibit visionary action and implementation, the ROI over the long term is very compelling for those firms that coalesce stakeholders to rise to the challenge. For example, a recent study has shown that enhanced investment management capabilities can yield productivity and profit gains that translate into anywhere between 51-242 basis points of retained alpha. This illustrates that an IBOR is indeed more than the latest industry buzzword,” said David Kubersky, Managing Director, SimCorp.

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