London-based BlueBay Asset Management has selected the integrated Panorama and Decalog solution from SunGard for order management, trading, portfolio management and real-time risk management.
Panorama and Decalog will support BlueBay’s new fund management operation, which will specialise in fixed-income credit and include hedge funds, long-only funds and structured products.
BlueBay selected the combined package to support the projected growth of its new operation. The company, founded by Hugh Willis and Mark Poole, former co-heads of credit arbitrage trading at JP Morgan, aims to have $8.8 billion assets under management in five years. Panorama Decalog will run its total operation from risk, front-office, trading, portfolio management and compliance as well as order management, with intra-day, pre-trade risk and compliance checks.
Hugh Willis, chief executive officer of BlueBay, says SunGard was the only vendor that could provide a single, fully integrated solution for trade order and risk management, on an NT platform.
"Unusually for a new asset management company, we are launching long-only as well as hedge fund products. A robust technology infrastructure is therefore of great importance to us," he says. "SunGard was the only vendor that could provide us with a single solution that encompassed all the functionality we sought...Panorama Decalog met our requirements for cross-asset support, and integrated compliance, reconciliation, trade order management and portfolio risk management."