GoldenSource launches investment book of record

Enterprise data management service provider GoldenSource has launched its investment book of record (IBOR), a centralised data repository with cash and position management capabilities.

It was built using MAIA Technology, in a partnership between both firms.

The IBOR functionality adds a data warehousing offering of point-in-time analytics and client, account and product data management to the provider’s platform, allowing investors to gain a real-time view of their investments.

GPs will be able to use the service to improve investment decisions by viewing updated asset allocations and exposures, with a reduced time lag.

A particular benefit is applicable to funds with investment assets in multiple geographic regions, as the IBOR provides a real-time view for global portfolios across timezones and the international dateline.

The added functionality aims to improve operational efficiencies for typically arduous processes.

Commenting on the new GoldenSource capability, Jeremy Katzeff, CFA, head of buy-side solutions at GoldenSource, said: “From conversations with clients and prospects, the need for a real-time IBOR was clear. With the powerful technology infrastructure of MAIA Technology, we have created a capability that processes significant volumes of transaction data as and when our clients need it, by building on the existing framework capabilities and strength of our Nexus offering.”

Mark Veevers, CEO at MAIA Technology, added: “We feel that MAIA’s cloud-native technology complements the breadth of data-related investment expertise that’s baked into the GoldenSource platform. The combination adds a responsive intra-day IBOR that will automatically link positions data to all other investment data for GoldenSource customers.”

The launch follows GoldenSource’s appointment of Swati Tyagi as head of product earlier this month.