VRS KIID utilises the award-winning Vermilion Reporting Suite (VRS) to automate the production of Key Investor Information Documents within Vermilionâs secure cloud service, on an annual, ad-hoc or event driven basis. VRS KIID loads weekly performance data to calculate the Synthetic Risk and Reward Indicator (âSRRIâ) automatically. The powerful Workflow within VRS manages the whole process in a bespoke fashion to fit BlueBayâs specific requirements. The solution ensures that all data, text narratives, SRRIs and translations obtain the correct governance sign-off prior to report production, and distributes the outputs to BlueBayâs target destinations automatically.
VRS KIID continually manages and monitors performance and SRRIs during the year, delivering monthly internal reports to BlueBay. The solution recognises SRRI values that have changed throughout any sixteen week cycle, and automatically re-runs the KIIDs that are affected.
Alexandra Cavaliere, Project Lead of the KIID implementation at BlueBay: âWith the vast number of KIIDs we need to produce and maintain in various languages, we are pleased to have outsourced this task to Vermilion. BlueBay is one of the first asset management companies going live with the KIID and despite the related challenges, Vermilion and its VRS KIID system presented themselves as highly versatile and effective.â
Simon Cornwell, Sales & Marketing Director at Vermilion: âWhen taking into consideration the variety of vendors currently focusing on UCITS IV, Vermilion are delighted that BlueBay realised the potential of VRS KIID and selected the solution. A significant benefit of VRS KIID is that we can replicate the service quickly and efficiently to other clients. Vermilion has integrated the offering with a global translation partner, enabling the ability to automatically deliver KIID reports in any language. This approach substantially reduces the cost of translating KIIDs, thanks to the Translation Memory software.â
BlueBay is a leading specialist manager of fixed income and alternative investment products. Based in London, with offices in the USA, Luxembourg, Hong Kong and Japan, BlueBay manages over US$44 billion for institutions and high net worth individuals. They offer a defined product range that covers investment grade, high yield/distressed, convertibles and emerging markets. These are presented through a selection of risk/return profiles; from absolute return long/short funds to relative return long-only funds and segregated accounts. BlueBay is an active asset manager, focused on capital preservation and the generation of attractive, risk-adjusted returns. A comprehensive infrastructure and risk management framework supports BlueBayâs investment expertise. BlueBay Asset Management Ltd is a direct wholly-owned subsidiary of Royal Bank of Canada (RBC) and part of the RBC asset management division, RBC Global Asset Management group of companies.
Vermilion Software is an award-winning Client Communication specialist. Its fully outsourced KIID service utilises the power and flexibility of the Vermilion Reporting Suite (VRS) to comprehensively manage data sourcing, rendering, commentary management and distribution. This process is fully automated and streamlined thanks to an inbuilt Workflow tool that integrates and manages the timely completion of all reporting tasks.