Investment Product and Service Launches

Broadridge launches multi-jurisdictional private equity platform and GMO launches asset management platform for RIAs.

Broadridge Launches Multi-Jurisdictional Private Equity Platform

With the aim of leveraging blockchain technology to alleviate the complexities faced by asset managers with funds in multiple geographies, Broadridge Financial Solutions has released a multi-jurisdictional version of its private equity platform, Private Market Hub, now available to funds domiciled in North America.

Broadridge’s new capabilities allow all stakeholders in a fund’s lifecycle to participate around a common set of data and workflows via a unified user interface, irrespective of the fund’s jurisdiction. Northern Trust, the cornerstone client, has gone live with the first group of North American clients.

Private Market Hub automates and unifies workflows between front-, middle- and back-office functions while simultaneously protecting the integrity and sovereignty of data. It brings together ecosystem participants around a consistent, secure, real-time view of data—reducing friction for fund managers, investors and administrators and enabling easier auditability.

The platform is enabled by distributed ledger technology, which streamlines traditionally disconnected and inefficient processes and facilitates greater visibility across the ecosystem.

GMO Launches Asset Management Platform for RIAs

Grantham, Mayo, Van Otterloo & Co. LLC, a global investment manager, has announced the launch of Nebo, or Needs-Based Optimization. Nebo is a new, technology-driven asset allocation and portfolio management platform for registered investment advisers that streamlines and automates the process for delivering custom and personalized portfolios to their clients.

Nebo’s approach is built on the idea that the main investment risk to clients is not short-term market volatility, but rather not having the financial resources to meet the moment, both in the short and long term.

At the heart of the Nebo framework is a proprietary multi-period shortfall optimizer that constructs portfolios which minimize this critical risk. In doing so, advisers are able to directly align the client’s financial plan with their portfolio, resulting in portfolios that are better customized to the needs and circumstances of each client, all delivered through an open-architecture platform. With Nebo, advisers will be able to scale their financial planning and investment operations by having a comprehensive digital platform that can serve as the system of record for their portfolio construction and management activities.

“Nebo allows advisers to maintain their investment philosophy while adding intellectual rigor to the choices they make for their clients and the testing they can do to be confident that those choices best serve their clients’ needs,” says Martin Tarlie, member of GMO’s asset allocation team and Nebo product lead.

Nebo is born of nearly a decade of GMO research focused on solving for optimal portfolio construction that seeks to minimize shortfall risk, further enhanced by a three-year process of user-led development with a cohort of early adopters.