Pensam, a Danish labour market pension fund with EUR18 billion in assets under management, is now live on SimCorp Dimension’s Alternative Investments Manager.
With implementation completing in less than three months, the pension fund is running all its alternatives assets, totalling EUR4 billion, on SimCorp’s alternatives solution. Pensam is the latest to join in the growing trend of buy-side firms moving towards multi-asset platforms, to achieve low-cost asset diversification and capture vital alpha from fast-growing alternatives.
Since going live on SimCorp’s Alternative Investment Manager, Pensam has removed several siloed systems and moved onto a consolidated platform, providing validated information across the organisation. Reducing systems, together with hours of arduous manual reconciliation, has eliminated much of the considerable operational risk the pension fund had accumulated over the years. At the same time, centralising alternatives data has had a significant effect on Pensam’s ability to accomplish timely decomposition of portfolios.
As a result, Pensam has been able to refocus resources to more value-added tasks, from financial planning to asset allocation optimisation. Performing analytics, using the solution’s advanced and configurable dashboard, has also enabled the pension fund to gain a deeper understanding of its alternatives allocations. Pensam can now easily view and edit all transactions, positions and securities, as well as track performance based on a variety of criteria, delivering improved risk management and enabling Pensam to make more informed investment decisions.
Hans Otto Engkilde (pictured), Managing Director and Senior Vice President, SimCorp UK, Northern Europe and Middle East, says: “SimCorp has always had a strong belief in the benefits of a consolidated investment platform that can traverse all asset classes. We feel it is the most efficient and operationally sound way to deal with current buy-side challenges and gain the agility needed to compete effectively in today’s global market. Pensam’s transformation, together with the operational efficiency they’ve achieved, is a testament to this and we are proud to have shared in their journey, through the development partnership.”
Thomas Anker, Application Manager at Pensam, says: “We are extremely pleased with the positive impact that SimCorp Dimension and system consolidation has had on our business. SimCorp’s Alternative Investments Manager has been instrumental in reshaping our approach to alternatives investments, delivering the real time overview of investment data that is crucial to our investment decision making. With phase one successfully completed, we are looking at upcoming modules where we can track changes in our exposure and gain more thorough insights into our portfolios. Going forward, this will be a real game-changer for us.”
