AT A GLANCE
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Client Profile
Sovereign Wealth Fund
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AUM
$600bn
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Core Service
Alternatives Investments implementation in SimCorp One
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Key Outcome
Significant Operational Efficiency Gains
Complex Migration Challenge
The case study describes a major Sovereign Wealth Fund facing a Complex Migration Challenge of their alternative investments.
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The project's objective was to replace the existing investment management platform, eFront, and consolidate all Alternative Investment positions together with all other asset classes into a single solution for trading, valuation, and reporting.
The implementation needed to cover a diverse and complex range of assets, including open and closed-ended funds, private equity, private debt, credit, hedge funds, and strategic direct/co-investments.
Key challenges included a compressed timeline, aligning system vendor timelines, managing complex stakeholders, ensuring data accuracy/integrity, and integrating front office processes.
Comprehensive Solution
Dimensional Community acted as a trusted implementation partner, delivering a comprehensive solution through a structured, phased approach over a 9-month timeline.
The solution established an IBOR (Investment Book of Record) for Alternative Investments, implemented a uniform trade capture and settlement process, and created a comprehensive valuation and reporting system. This transformation successfully consolidated alternative investments from multiple fragmented platforms (eFront, Eagle, Excel, pdf's, emails) into a single solution, moving trade processing from a completely manual approach to an automated workflow.
The results included a streamlined technology stack, improved operational efficiency, accurate and comprehensive records, and advanced capabilities for valuation and reporting on all instruments.