Pension funds AP3 and AP4 have chosen SimCorp as their new provider of a front-to-back SaaS service agreement. The aim is to achieve a modern and dynamic system architecture with more automated processes and a reduced number of separate systems. SimCorp's platform, combined with Axioma's risk management solutions, will allow the funds to future-proof their investment management operations. This development was reported by [da2a0f18].
Orion has announced the launch of an enhanced Schwab Advisor Services custodial integration. The integration features real-time data and a new Advisor Trading experience. The Advisor Trading experience is designed for Orion advisors who seek a sophisticated, yet efficient portfolio implementation. It connects advisors with real-time data access from Schwab Advisor Services and allows for the efficient handling of requests, reviews, and trade execution. This news was shared by [da2a0f18].
Monetalis and Cicada Partners have launched an actively managed credit portfolio on-chain. The portfolio aims to target a competitive interest rate of the 90-day Term SOFR rate + 1.5%. Additionally, the portfolio will share 50% of its net income. The Osprey Pool offers lenders the opportunity to earn interest rates of 150 bps above the risk-free rate, with active portfolio management as its low-risk strategy. The team at Monetalis has deep industry experience in fixed income asset classes and will ensure portfolio execution is in line with the defined investment strategy and risk framework. This information was reported by [346225ed].
Ares Management Corporation has successfully closed its Pathfinder II fund at $6.6 billion in commitments, surpassing its $5 billion target. The fund focuses on private asset-based credit and closed at its hard cap. The Ares Alternative Credit strategy, which manages approximately $27.8 billion in assets, pursues a differentiated strategy of providing scaled solutions tailored to owners of large, diversified portfolios of assets. The Pathfinder family of funds also has a predefined structure of unique social impact purpose, with a pledge to donate at least 5-10% of the carried interest profits to global health and educational charities. This update was provided by [4c192446].
In other news, JPMorgan and Apollo have unveiled a blockchain wealth management prototype at the Singapore Fintech Festival. The prototype, called Crescendo, aims to disrupt the asset and wealth management industry by allowing portfolio managers to administer tokenized traditional and alternative investments across blockchains. The collaboration involved Onyx Digital Assets, Axelar, Oasis Pro, and Provenance Blockchain. The initiative aims to enhance efficiencies for asset and wealth managers and investors by offering personalized, scalable portfolios. The demonstration showcased how wealth managers can purchase and rebalance positions in tokenized assets across multiple chains. The prototype is part of Project Guardian led by the Monetary Authority of Singapore. This information was reported by [4326d19b].