Asset Control International today announced that Union Investments, the third leading German fund management firm, has chosen Asset Control to centralize its management of securities pricing data. The system will also generate benchmarks and indices for performance measurement, fund administration and portfolio management.
“Our investment strategy combines in-depth research with a meticulous system of quality control – with the result that our funds frequently outperform the market,” notes K. Westerfeld, project manager, Union IT Services. “This project was conceived to bring efficiency and control in our market data management, as well as supporting transformation of the data into complex benchmarks and indicators. Asset Control was the only company who could meet our total requirements.”
Asset Control was chosen following a competitive review of vendors. The platform, which will replace several in-house data management systems with a single centralized platform, is installed and vendor interfaces are being built and tested. The analytical business rules will leverage the Asset Control Formula Engine.
“We are delighted to welcome Union Investments as an Asset Control user, and we look forward to supporting their sophisticated research requirements,” said Ger Rosenkamp, CEO of Asset Control. “The powerful Formula Engine in Asset Control is heavily leveraged by our customers to enrich the data and transform it through user-configured analytic functions. We are pleased that the Formula Engine is being recognized as a key feature that not only provides cleansing protocols, but actually drives profits.”