Neuberger Berman Selects Clearwater Analytics

Boise, ID - 27 June 2012

Clearwater to Provide Quality Investment Accounting, Reporting and Analytics

Clearwater Analytics®, the leading provider of web-based investment accounting and reporting technology for institutional investors, have announced that Neuberger Berman, one of the world’s top independent and employee-controlled asset management companies, has selected Clearwater to provide daily-reconciled accounting, compliance, performance and risk reporting and analytics to its clients.

Established in 1939, Neuberger Berman provides a broad range of global investment solutions to institutions and individuals through customized, separately managed accounts, mutual funds and alternative investment products, with $199 billion in assets under management as of March 31, 2012. Prior to partnering with Clearwater Analytics, Neuberger Berman was performing all entries and creating reports manually while focusing on producing accurate portfolio reporting for its clients.

“Given the importance treasurers place on quality reporting, we have to know the information we provide to our clients is correct,” states Kristian Lind, Senior Vice President—Portfolio Manager, Global Fixed Income Investment Team at Neuberger Berman. “Certain security types present unique challenges to ensure data integrity. Looking at the process of aggregation, reconciliation and verification in totality, outsourcing our infrastructure to a solution provider dedicated to ensuring quality data became far more attractive than developing, building and maintaining these components internally.”

Since adopting Clearwater’s web-based solution, Lind estimates that creating period-end reports for an individual portfolio has been reduced from five hours to one or two hours. “Entrusting these processes to Clearwater ultimately makes me more effective, accessible and valuable to my clients as their portfolio manager,” says Lind. “In the end, it’s all about the data. We have to know that the information we provide to our clients is correct. Clearwater ensures we can deliver.”

Clearwater CEO Dave Boren echoed the sentiments of Lind, adding, “Neuberger Berman is one of the world’s leading asset management companies, providing clients with outstanding portfolio management. The company understands how important data integrity is to its clients— we are honored to be able to help fulfill this commitment with our powerful reporting and analytics solution.”

Clearwater Analytics will provide the following core system functionality for Neuberger Berman’s clients:

  • Daily aggregation and reconciliation of investment information from multiple data sources
  • Integrated accounting, compliance, performance and risk reporting and analytics in a single solution
  • Full suite of web-based, audit-quality reports and analytics accessible anytime
  • Automatically generated period-end reports are available to Neuberger Berman clients on T+1
  • No installed software, maintenance fees or IT resources required

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