Sun, Sep 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Brazil’s BBM Investimentos Selects SunGard's Asset Arena for Automated Fund Accounting

Tuesday, January 31, 2012
Opalesque Industry Update: BBM Investimentos (BBM), an asset management firm located in Rio de Janeiro, has chosen SunGard’s Asset Arena Investment Accounting solution to help it automate its fund accounting process. BBM is the first customer for SunGard’s Asset Arena in Brazil. Asset Arena provides investment operations processing and accounting support for a wide range of assets, countries and investment activities.

BBM chose Asset Arena for the flexibility of its back-office functionality and its ability to support global and Brazil-specific requirements through a single platform. Asset Arena will help BBM transition to a more automated environment, providing controls to help improve accuracy and risk management while eliminating manual processes and work duplication.

Miguel Flaksman, chief operating officer of BBM, said, “We chose Asset Arena because of SunGard’s local presence, the scope of instruments covered, and the company’s capabilities in implementation, maintenance and support. Asset Arena can help support the globalization of the Brazilian market by handling both Brazilian and offshore instruments.”

Doug Morgan, president of SunGard’s institutional asset management business, said, “Brazil is becoming an important global financial centre that is experiencing growth because of companies like BBM. We are pleased that BBM has selected Asset Arena to help it transform its back-office investment accounting operation, and gain efficiencies, improve controls, and be better positioned to capitalize on the growth of Brazil’s financial sector.”

BBM Investimentos

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Star names struggle as smaller hedge funds make hay[more]

    From eFinancialnews.com: Many big-name funds have been hit by sharp reversals in markets, including US government bonds and UK stocks, and have struggled to extricate themselves from positions that have gone bad. According to data group eVestment, hedge funds below $250 million in size are up 4.1% t

  2. North America - Acela fight splits hedge fund Connecticut and old money enclaves[more]

    From Bloomberg.com: Connecticut’s residential coastline is two worlds, the one of newcomer millionaires and one whose wealth and New England roots span generations. Now, their differences over a rail route threaten to gum up plans for the U.S. Northeast’s fastest-ever trains. About 30 miles from Man

  3. Activist News - Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership, Activist investors double chance of CEO exits[more]

    Caesars offers creditors another $1.6bn, would spell end of hedge fund ownership From Calvinayre.com: Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $

  4. Comment - ‘Gut feeling’ measurable in hedge fund traders, How hedge fund managers can use blockchain to maximize benefits[more]

    ‘Gut feeling’ measurable in hedge fund traders From Laboratoryequipment.com: “Gut feeling” is an intangible – an automatic hunch – based on prior experience for some people. But the “gut feeling” is actually a measurable response developed in professionals doing some high-risk work, acco

  5. Opalesque Exclusive: Modern investor tools (2): A platform that does the job for you[more]

    Benedicte Gravrand, Opalesque Geneva: A new series on technology providers that assist asset allocators. There is disruption in the investor part of the world of hedge funds, coming from platforms that can replace traditionally-run search and analysis. Here is one of them. L