Melbourne-based boutique fund manager Contango Asset Management has chosen Bloomberg's buy-side technology to help it build out its business.
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".
JP Morgan Asset Management has signed on to a new service from global funds network Calastone, introducing automated settlements to its Morg...
The Australian market for impact investments, which aim to deliver social or environmental impact alongside a financial return, is reported ...
The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for downside economic scenarios. ...