SimCorp, a provider of investment management solutions and services to the global financial services industry, has signed a licence agreement with Pennsylvania Public School Employees’ Retirement System (PSERS), to form the foundation for its middle and back office investment operations.

PSERS has chosen SimCorp’s cloud-based solution, SimCorp Dimension as-a-service, to deliver multi-asset class investment management support and transparency.

The selection of SimCorp Dimension’s Investment Book of Record (IBOR) sees the pension fund benefit from enhanced automation and consolidation of data from multiple disparate sources, into one accurate, real-time data source.

Once implemented, the IBOR will provide PSERS with a single system for its middle and back office operational needs, including deeper analytics and optimized investment decision-making.

Additionally, SimCorp provides its alternatives solution, Alternative Investments Manager, combining alternative assets, such as private equity, real estate and infrastructure, into one single platform. Its integration to the ABOR (Accounting Book of Record) provides full transparency of underlying holdings, across middle and back office processing.

“SimCorp Dimension will allow PSERS to join other large state pension systems and state treasury departments in implementing an integrated IBOR to improve operations,” said John Kemp, PSERS Managing Director of Investment Operations and Risk.

“PSERS’ operations professionals have been called upon to support a growing number of portfolios, trades, positions, and complex investment strategies as our investment program has evolved, and this trend is expected to continue into the future.”

Formal signing took place in the third quarter of 2019.

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SimCorp, a provider of investment management solutions and services to the global financial services industry, has signed a licence agreement with Pennsylvania Public School Employees’ Retirement System (PSERS), to form the foundation for its middle and back office investment operations.

PSERS has chosen SimCorp’s cloud-based solution, SimCorp Dimension as-a-service, to deliver multi-asset class investment management support and transparency.

The selection of SimCorp Dimension’s Investment Book of Record (IBOR) sees the pension fund benefit from enhanced automation and consolidation of data from multiple disparate sources, into one accurate, real-time data source.

Once implemented, the IBOR will provide PSERS with a single system for its middle and back office operational needs, including deeper analytics and optimized investment decision-making.

Additionally, SimCorp provides its alternatives solution, Alternative Investments Manager, combining alternative assets, such as private equity, real estate and infrastructure, into one single platform. Its integration to the ABOR (Accounting Book of Record) provides full transparency of underlying holdings, across middle and back office processing.

“SimCorp Dimension will allow PSERS to join other large state pension systems and state treasury departments in implementing an integrated IBOR to improve operations,” said John Kemp, PSERS Managing Director of Investment Operations and Risk.

“PSERS’ operations professionals have been called upon to support a growing number of portfolios, trades, positions, and complex investment strategies as our investment program has evolved, and this trend is expected to continue into the future.”

Formal signing took place in the third quarter of 2019.