#United States #New York #Investment Management #Bloomberg #Clearwater Analytics

Strategic Partnership Enhances Investment Management Workflows

In a bid to transform the investment management landscape, Bloomberg and Clearwater Analytics have announced a strategic collaboration aimed at providing an innovative front-to-back investment solution tailored for asset owners and managers. This partnership brings together two industry giants to create an open and modular investment management offering designed to enhance operational efficiency and reduce complexity in the investment processes.

Background of the Collaboration

As the financial landscape grows more complex, investment managers face a pressing need for versatile solutions that cater to dynamic market conditions. Bloomberg's global reputation in providing financial data and analytics, combined with Clearwater Analytics' robust accounting platforms, creates a powerful synergy aimed at simplifying operations. The partnership reflects a commitment to moving beyond traditional vendor relationships, which can often compromise quality in favor of convenience.

Enhanced Features of the Offering

1. Turnkey Managed Integration

This new offering features a redefined target operating model designed to evolve with changing industry needs. The integration allows for seamless operation across various aspects of investment management, enabling users to focus on strategic decision-making rather than wrestling with complex systems.

2. Advanced OTC Management

Utilizing Bloomberg's sophisticated tools, clients will benefit from superior management of over-the-counter (OTC) securities. This feature will streamline workflows and enhance investment decision-making capabilities, allowing for a more responsive approach to market movements.

3. Integrated Cash Management

Clearwater Analytics will provide daily synchronization of cash management systems, ensuring transaction consistency and improving transparency for clients. This level of integration is crucial for managing liquidity risk in an increasingly volatile financial environment.

4. Consistent Position and Trade Data Exchanges

The collaboration aims to deliver consistent and comprehensive data exchanges related to position and trading information. This feature will support data consistency across different systems, addressing one of the key challenges in investment management—data fragmentation.

Statement from Industry Leaders

Mark Flatman, Global Head of Enterprise Products at Bloomberg, remarked, "This partnership blends Clearwater's best-in-class accounting solution with Bloomberg's leading investment workflows to streamline front-to-back operations. Buy-side firms need a technology partner that supports their success, and this partnership reflects our commitment to optimizing their operating models through scalable, interoperable, and reliable solutions."

Meanwhile, Shane Akeroyd, Chief Strategy Officer at Clearwater Analytics, noted, "This collaboration with Bloomberg is a powerful example of enabling clients to connect trusted accounting and investment data with advanced workflows. It underscores our commitment to reducing complexity, increasing accuracy, and helping clients scale with confidence."

About Clearwater Analytics

Clearwater Analytics (NYSE: CWAN) is recognized for revolutionizing investment management with its comprehensive cloud-native platform. It serves institutional investors across various markets, providing solutions that mitigate risks associated with legacy systems, such as inefficiencies and data fragmentation. With over $8.8 trillion in assets under support, Clearwater's platform integrates portfolio management, trading, accounting, and compliance in a unified system.

About Bloomberg

Bloomberg stands out as a leader in financial data and analytics, committed to fostering transparency and efficiency in market operations. By connecting various stakeholders in the global financial ecosystem, Bloomberg reinforces its role as an essential technology partner for informed decision-making.

This proactive collaboration between Bloomberg and Clearwater Analytics is poised to significantly impact the investment management sector, promising enhancements in operational efficiencies while addressing the evolving needs of asset owners and managers. The advancement of technology partnerships like this signifies a crucial shift in how financial firms approach their operational frameworks, ultimately driving better outcomes for all stakeholders involved.

Through this partnership, both companies aim to set new standards in investment management, with a clear focus on reliability, scalability, and interoperability—essential components for success in today’s fast-paced financial environment.