The system will be implemented in the first quarter of 2002 and will be a fully integrated solution encompassing both index portfolios and fund management. According to Long Investment Management, key factors that set SimCorpâs TMS2000 apart from the competition were its pricing capabilities (theoretical and market); risk management facilities such as historical and Monte Carlo Value-at-Risk analysis; comprehensive multi-currency functionality; and its standard features for settlement and accounting.
As an arbitrage specialist, Long Investment Management also placed particular store on TMS2000âs extensive coverage of financial instruments including fixed income and equity derivatives, its handling of equity lending and convertible bonds and the full support of ADRs/GDRs to manage arbitrage strategies.
The selection of TMS2000 followed an intensive evaluation process, during which over 80 solutions worldwide were considered. Robert Jones, director of Financial Control Limited, the company vested with evaluating solutions for Long Investment Management, said, "TMS2000 fits nicely with Long Investment Management's desire to develop a sophisticated back and middle office via an STP solution capable of not only settling and accounting for trades, but also of pricing and measuring risk on a daily basis."