Marathon Asset Management, the UK asset manager with approximately $50 billion of global equities under management, has moved onto a single investment management system, SimCorp Dimension, replacing a number of legacy platforms including HiPortfolio, Beauchamp and Salerio. The new system brings additional functionality and flexibility to Marathon’s business and has enabled the firm to consolidate a number of processes including trade processing, fund accounting and reporting across both the long only and hedge fund portfolios.
“The combination of up-to-date and open database technology on a single integrated system gives us a firm-wide solution and enhances the extent to which our core accounting system interacts with other best of breed systems in use across the firm” says Nick Hughes, chief operating officer for Marathon Asset Management. “Not only is the functionality of our previous middle and back office systems now on one integrated platform, but we have considerably more functionality and flexibility than before.”
“A key criterion was to have a system that would be future-proof and reduce our overall costs of ownership. SimCorp Dimension was the best fit for this,” says Hughes. “We have been able to rationalise systems so that we now have a single view of data and a stable accounting platform. Getting the right system was essential - it is and will be the backbone of our business.”
Cath Rawcliffe, sales and marketing director at SimCorp in the UK, says: “An investment management firm needs a comprehensive, stable, yet highly flexible software platform on which to run its business. By deploying SimCorp Dimension Marathon has ensured this, establishing a single solution which allows them to operate efficiently, will be adaptable to changing regulatory and client requirements and will position them for future growth.”
Enquiries regarding this announcement should be addressed to:
John Mayr, SimCorp Ltd, +44 2072 60 1903/ +44 0788 751 8354
Marathon Asset Management LLP is an independent investment management firm based in the West End of London and was established in 1986 by its 3 founding partners. Today it manages approximately $50 billion in global equities for a range of blue chip international investors comprising mainly institutional pension funds, charities and foundations. Marathon has its own distinctive investment philosophy based upon the capital cycle approach to investment and its primary focus is on delivering sustained out-performance for its clients over the long term.