River Global, a UK-based investment manager, has tapped Bloomberg for its integrated front-to-back office investment workflow solutions.
River Global is utilising Bloomberg AIM, an order and investment management technology solution. This includes PM <GO>, which centralises front-office portfolio management, bringing together real-time positions, market data, embedded P&L, ESG insights, research management data, as well as portfolio and security risk analytics integrated from PORT Enterprise.
Bloomberg’s BQuant Enterprise will see the River Global team utilise advanced analytics to develop new quantitative overlays for their investment strategies. BQuant Enterprise applications developed by River Global are deployed to River Global’s portfolio managers, providing them with quantitative insights and custom portfolio analytics to help them uncover and manage new investment opportunities.
Phil Jones, product and operations director, said: “By adopting Bloomberg’s integrated offerings, we now have seamless connectivity in our workflow, ensuring efficiency and accuracy across our front, middle and back-office operations.”
Raquel Alves, global head of buy-side OMS, Bloomberg, said: “Bloomberg is committed to working with clients like River Global who have the need for a comprehensive solutions suite that can align with their current and future workflows.
“We’re equally focused on enhancing that integrated workflow experience with the quality data, analytics, and real-time insights that Bloomberg is in the unique position to provide, and we’re proud to see River Global utilise our broad set of buy-side offerings.”
The full suite of Bloomberg solutions adopted by River Global includes: Bloomberg AIM; BQuant Enterprise; PORT Enterprise, Bloomberg’s portfolio and risk analytics solution; Bloomberg Transaction Cost Analysis (BTCA), which provides multi-asset pre-to-post trade analytics; EMSX, Bloomberg’s equity execution management system; Trade Automation with Rule Builder (RBLD), a multi-asset automated trading solution; Regulatory Reporting Hub (RHUB), a trade and transaction reporting solution.
River Global manages assets for a range of wholesale and institutional clients, focusing on listed equities, and has approximately £2.8 billion in AUM (as of 31 March 2023). The firm offers a range of investment options, investing in UK, European, regional and global equity markets. The firm acquired investment boutiques SVM Asset Management and Saracen in 2022.
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