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Matrix IDM partnered with Ortec Finance to streamline investment data

By Joy Dumasia

July 15, 2021

  • Europe
  • Matrix

Matrix, the solution provider to asset owners and managers, and Ortec Finance, a leading global provider of technology and solutions for risk and return management, announced the release of a standard interface to Ortec Finance’s Pearl system. This has been built as a direct response to client demand and is already used in several leading investment management firms.

Ortec Finance has over 500 customers in 20+ countries and is trusted by some of the world’ most prominent financial institutions. Pearl is Ortec Finance’s single-platform solution for Performance Measurement, Attribution, Ex-Post Risk and GIPS composites.

This new initiative will see Matrix IDM ingest and master all data (custodial and market) required for Ortec Finance’s Pearl consumption. It creates a PBOR (Performance Book Of Record) – essentially taking fund accounting data fit for unit pricing and bringing it up to a performance system’s standards. This new standard outbound interface to Pearl handles everything from holdings to currency weights. The result delivers clients with a more streamlined and accurate experience in Pearl.

Stuart Plane Matrix IDM comments, “We are delighted to be working with Ortec Finance. Their vision is aligned with ours, which is to empower investment decisions through complete transparency. This statement is not for the faint-hearted. In our experience, the complex nature of portfolios makes it challenging to truly understand the exposures at any one time. Our deep expertise in data and Ortec Finance’s comprehensive analytical platform brings this dream to a reality. Matrix is doing what it does best – creating clean and organized data sets which can be easily ingested by PEARL and delivers longevity and higher ROI on the client’s technology investments.”

Recently, IBS Intelligence reported that Matrix, a solution provider to asset owners and managers, has appointed industry veteran Justin Wolfe as its Chief Technology Officer (CTO). Wolfe will be responsible for heading up Matrix’s ambitious technology roadmap to support a growing client base.

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