SunGard Investment Management Systems, an operating group of SunGard, today announced that The Nikko Securities Co. International Inc. has selected SunGard’s Decalog to support its alternative investment management operations. SunGard Investment Management Systems is a leading international provider of investment management software solutions for the front-, middle- and back-office activities of global asset management firms. Decalog provides decision support and assists trading departments to streamline workflow and achieve straight-through processing.
The Nikko Securities Co. International, Inc., a registered investment adviser and broker-dealer based in New York City (Nikko), decided to acquire the Decalog solution to support its alternative investments department. Nikko determined that Decalog’s portfolio management capabilities were mission critical to its business.
The Decalog portfolio management solution supports a newly created alternative investment strategic group at Nikko called ‘Global Dynamic Asset Allocation’ (GDDA) that manages Luxembourg and Japanese based funds. It is hoped that Decalog will help enhance return on these funds by providing global trading as well as information on the portfolios’ positions. Assets worth approximately $400 million are being processed by GDDA on Decalog.
Michael Lewis, vice president and head of research for the GDAA Group at Nikko said, “We have had a smooth transition to an updated version of Decalog and as result have been able to focus our attention on the markets. The system has been integrated into internal processes and also facilitates transferring data to outside parties”.
Harold Finders, managing director of SunGard Investment Management Systems, said, “The contract with Nikko confirms SunGard’s leadership in supporting straight-through processing in global markets. The Decalog solution is a strategic part of the overall offering of SunGard to streamline and automate the investment management process and offer cross-border trading automation.”