BlackRock is to create a custom portfolio for a UK pension fund – a contract the asset manager partly won by wielding its Aladdin portfolio management system into the deal.
Aladdin, as a risk management and trading platform, will help the scheme understand the risk and return characteristics of its funding position, BlackRock says.
As well as institutions, it is investment managers that rely on one of the various third-party risk and trading systems on the market. One of the newer entrants into this space is asset manager Amundi, which now offers Alto, having migrated fund managers away from Aladdin following the acquisition of Pioneer Investments.
Amundi CEO Yves Perrier told Funds Europe about this (and other things) in an interview last year.
Aladdin’s main rival at present is Dimension, a risk and trading system offered by SimCorp.
SimCorp has brokered deals with major asset servicing firms to distribute the system as part of their wider asset-servicing agreements made with fund managers and investors. It has also won a number of asset managers itself, independently.
Here are details of those asset-servicing deals, and some of the firm’s outsourcing wins, announced by SimCorp in recent months:
Finally, our recent FundTech Report took a broader look at these risk and trading systems in the summer.
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