SimCorp has partnered with Domos FS, a provider of solutions for alternative assets fund management, to deliver front-to-back-office investment management covering both public and private markets for asset managers, asset owners and service providers. SimCorp has also taken an initial minority stake in Domos FS.
The partnership has been made in response to increased use of alternatives in recent years by asset managers and asset owners, and the operational challenges this has presented for existing and new investors in these asset classes.
SimCorp will integrate the Domos General Partner SaaS solution into its partner ecosystem, resulting in the combination of alternative investment innovations built by SimCorp for limited partners and by Domos for general partners and fund administrators. The company claims this is ‘the only truly cross asset front-to-back investment management offering on the market’ and says it will allow clients to effectively and efficiently scale business operations.
Hugues Chabanis, vice president, innovation at SimCorp, says: “Alternatives are now a fundamental part of the asset mix. At SimCorp, we have a core platform that serves as the operational backbone for investors and is open to some of the best technology and integrated services out there. Underpinned by a good functional and cultural fit, SimCorp and Domos are enabling this industry-first offer to minimise operational friction and improve overall efficiency.”
The combined offer includes machine learning assisted document processing, intelligent cashflow forecasting, daily exposure calculation, a next generation investor portal, standardised partnership accounting, and automated regulatory reporting.