According to a joint statement, Contango Asset Management will use Bloomberg’s suite of buy-side solutions to support its trading, risk and portfolio management.
Contango chief investment officer George Bourbouras said Bloomberg’s buy-side order management system, AIM, has been a key part of the fund manager’s business growth.
“As fund managers, we need to employ, manage, monitor and communicate risk. Bloomberg AIM is perfect for our needs because it is a complete, proven platform that deals with all aspects of portfolio attribution, ‘what if’ scenario analysis, compliance, trading and back office,” Mr Bourbouras said.
“With Bloomberg, we are able to achieve shorter implementation times, lower costs and enhance operational efficiency and workflow,” he said.
Bloomberg head of sales for Australia and New Zealand, Emily Gordon, said Contango is a “great example of a leading domestic equity player employing innovative technology to support its diversified investment plans”.
Read more:
Local Government Super appoints head of advice
Investors must be ‘dynamic’: JP Morgan AM
ETF sector hits $21.8bn in April
Ratings downgrade a ‘real risk’: AMP Capital
Australian Ethical adds to investment team
