Establishing a golden source of truth for a global investment company

Challenge

Our client, an OCIO services provider with $197B AUM, contacted us as they wanted to streamline their fund data management process. With 1,325 unique data feeds, the workflow was complex and data reconciliation and oversight was labour-intensive and manual.

Having deployed IntegraLynx at an earlier stage as a point solution to a previous regulatory reporting challenge, the company was already using the platform to generate a small amount of data. Impressed by its capabilities, they wanted to explore if it could streamline the data workflow for a new fund they were planning to launch.

Solution

Resolve collaborated with the asset management team to determine their needs in relation to launching the new fund. They needed a solution that would work seamlessly for their 250+ users, pulling in live data from 284 sub investment managers doing $6.7B trades per month across 300 funds. Their existing instance of IntegraLynx was expanded to pull in even more data, meeting the specific requirements of the fund and the asset managers.

Our team engineered a solution that allows the company to set up a new fund or share class by keying data into the user interface of IntegraLynx. The trading team supplies trading characteristics information, the charging team supplies the fees, and the oversight team supplies the external oversight information. While this is being set up, IntegraLynx sits at an in-progress status, so nothing outside of IntegraLynx sees it.

Once the new fund or share class is signed off, it launches, and IntegraLynx pushes the information downstream to other systems and companies. The platform then sits as the golden source of truth for all the reference data from Umbrellas, Sub Funds, Share Classes, Seg Accounts, Pooled Funds and Fee Structures.

Using Static Data Management for Administrator Oversight

We built links to all the other counterparties, meaning data is automatically pulled into IntegraLynx from MUFG, State Street, BNY Mellon, Northern Trust and BNP Paribas. Because the platform has all the necessary reference data, it can run powerful checks on State Street’s daily fund calculations to ensure that they have done the right thing, raising an alert if anything is amiss.

There are also several other oversight features. IntegraLynx understands how much clients are getting charged, so when State Street work out the fees, IntegraLynx oversees that they are calculated correctly.

Outcome

Agile, Efficient and Scalable Fund Management

One of the key benefits for the company is the ability to easily add new data feeds to the existing solution in a test environment before pushing live, meaning updates are performed in a controlled manner without having to upgrade the version of the platform each time.

IntegraLynx has enhanced governance and data veracity for the company, and the increased operational efficiency means that their team of asset managers now have greater capacity to focus on higher value work.