Mon, Jan 26, 2015
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. Commodities - Druckenmiller alums at PointState make $1 billion on oil, Andurand Capital sees oil sliding to $40[more]

    Druckenmiller alums at PointState make $1 billion on oil From Bloomberg.com: Hedge fund manager Zach Schreiber stood on stage at Avery Fisher Hall in New York eight months ago and made a bold prediction. “We believe crude oil is going lower -- much lower,” Schreiber, 42, told the audienc

  2. Investing - David Einhorn discloses a new position in Time Warner, Canyon trimming bets on mortgage bonds after making $7bn[more]

    David Einhorn discloses a new position in Time Warner From FTLeavenworthlamp.com: …Einhorn also disclosed a new position in Time Warner. "Since 2009, TWX has refocused its business into a collection of high quality assets including basic cable networks (Turner and CNN), a movie studio (

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r