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Lord Abbett Selects SimCorp Dimension

SimCorp announces that it has signed a license agreement with Lord Abbett, a privately held firm which has been managing equity and fixed-income products for over 80 years.

Lord Abbett has selected SimCorp’s investment management solution, to support the firm’s value creation strategy, that is focussed on offering clients a diversified range of products and superior service.

With assets under management in excess of $130 billion, Lord Abbett will use SimCorp Dimension for centralized position-keeping, investment accounting, performance measurement, corporate actions and reconciliation.