Bloomberg Partners to Enhance Investment Management Workflows

Bloomberg has partnered with Clearwater Analytics to provide a combined front-to-back investment offering for asset owners and asset managers according to a story in The Trade news.  The collaboration combines Bloomberg’s investment solutions suite with Clearwater’s accounting solution and is set to support users in managing costs and reducing risk. Specifically, the offering is expected to eliminate challenges of manual processes and data inconsistencies, and clients will also have access to functionalities including turnkey managed integration, enhanced OTC management, integrated cash management and consistent position and trade data exchanges.  The firms have said that the new solution meets an increasing client demand for more unified front-to-back investment management and flexibility in how these systems are integrated.  Bloomberg’s investment workflows offer research management, order and portfolio management, and performance and risk analytics, while Clearwater’s accounting solution forms part of its platform which covers data aggregation, reconciliation and reporting.