Comarch Asset Management

The Comarch Asset Management system is targeted at investment and pension funds, asset managers and insurance companies. It supports the processes of asset management, fund valuation and bookkeeping, as well as portfolio risk and performance measurement and regulatory reporting.

Individual components of the Comarch Asset Management solution are designed for various user groups:

  • Areas supporting investment processes, risk and performance measurement and the control of investment limits are dedicated to asset managers, analysts, risk management specialists and compliance department employees
  • Tools for fund valuation, bookkeeping, payments and settlements are designed for back-office employees responsible for fund accounting in custodian banks as well as investment and insurance companies
  • Regulatory reporting engine supports risk managers, analysts, accountants and compliance department employees by automatically generating regulatory reports as well as reports to be presented at investment committee meetings

Key business advantages

Efficient portfolio management

Automation of tasks related to order and portfolio management

Ongoing monitoring

Real-time portfolio control in terms of asset allocation, composition and compliance with investment strategy and limits

Automated rebalancing

Increase in the efficiency of portfolio managers through automatic adjustment of fund structure to defined targets

Recordkeeping and compliance

Recording of all investment processes and actions; storing all necessary data for internal and legal reporting purpose

Flexible performance analytics

Flexible performance and risk analytics helping to identify best and worst investment areas

Fund valuation rules

Individual approach to portfolio valuation depending on types of securities

Compliance rules

Advanced compliance module automating investment limit control as required by regulator or investment team

Regulatory requirements

Support for staying in line with regulatory requirements in terms of reporting, compliance, valuation or accounting rules

  1. 1. Portfolio management
  2. The Portfolio management system automates asset management processes, in particular the execution of investment decisions and order registration. It also increases operational efficiency in the areas of transaction settlement, pre-trade and post-trade limit analysis and control, portfolio rebalancing and fee calculation. In addition, the integration with providers of market data is ensured. The data is used for the purposes of portfolio monitoring and valuation by means of standard interfaces (SWIFT and FIX). The solution also enables real-time consolidation with market data feeds.
    Portfolio Management is compatible with obligations specified in MiFID and other requirements applicable to investment companies.
  3. 2. Fund valuation
  4. The Fund valuation solution provides support for back-office operations related to investment administration (UCITS, AIFMD), pension and insurance funds as well as institutional client portfolios. The module's most important features include fund bookkeeping, valuation, payments and settlement, limit control and reporting.
    Fund valuation is used for financial and quantitative accounting associated with the transaction process as well as for transaction settlement and portfolio operations. It enables the management of corporate and financial operations, bookkeeping of different types of units and shares in funds, valuation of assets and funds themselves.
  5. 3. Performance, attribution and risk
  6. The Performance attribution & risk functionality covers multi-dimensional analyses of fund performance, including effectiveness, attribution and risk exposure. The analytical processes defined in the system provide insight into various performance indicators (ex-ante and ex-post) calculated for funds at different levels of aggregation – portfolio, currency, asset classes, sectors, ratings and individual products. Furthermore, this performance measurement system allows for the generation of advanced attribution analyses (according to different models) including portfolio liquidity analysis or funds comparison.

    In the light of UCITS requirements, the functionality supports the active risk assessment taken by portfolio managers through VaR analyses and conducts stress tests on managed portfolios.
  7. 4. Regulatory and portfolio reporting
  8. The Regulatory & portfolio reporting module supports the reporting processes associated with obligations specified in the UCITS, AIFMD, MiFID and Solvency II regulations. Moreover, it provides comprehensive reporting on the portfolio, risk and investment results. It is possible to generate periodic reports and prepare documents to be published by the fund (e.g., Key Investor Information Documents—KIIDs, fact sheets) or reports intended for internal and external clients (investment committees/institutions).

    Reports generated with our regulatory reporting software can be distributed via email, document management systems or other communication channels, including web portals and mobile applications.

Portfolio management

The Portfolio management system automates asset management processes, in particular the execution of investment decisions and order registration. It also increases operational efficiency in the areas of transaction settlement, pre-trade and post-trade limit analysis and control, portfolio rebalancing and fee calculation. In addition, the integration with providers of market data is ensured. The data is used for the purposes of portfolio monitoring and valuation by means of standard interfaces (SWIFT and FIX). The solution also enables real-time consolidation with market data feeds.
Portfolio Management is compatible with obligations specified in MiFID and other requirements applicable to investment companies.

Fund valuation

The Fund valuation solution provides support for back-office operations related to investment administration (UCITS, AIFMD), pension and insurance funds as well as institutional client portfolios. The module's most important features include fund bookkeeping, valuation, payments and settlement, limit control and reporting.
Fund valuation is used for financial and quantitative accounting associated with the transaction process as well as for transaction settlement and portfolio operations. It enables the management of corporate and financial operations, bookkeeping of different types of units and shares in funds, valuation of assets and funds themselves.

Performance, attribution and risk

The Performance attribution & risk functionality covers multi-dimensional analyses of fund performance, including effectiveness, attribution and risk exposure. The analytical processes defined in the system provide insight into various performance indicators (ex-ante and ex-post) calculated for funds at different levels of aggregation – portfolio, currency, asset classes, sectors, ratings and individual products. Furthermore, this performance measurement system allows for the generation of advanced attribution analyses (according to different models) including portfolio liquidity analysis or funds comparison.

In the light of UCITS requirements, the functionality supports the active risk assessment taken by portfolio managers through VaR analyses and conducts stress tests on managed portfolios.

Regulatory and portfolio reporting

The Regulatory & portfolio reporting module supports the reporting processes associated with obligations specified in the UCITS, AIFMD, MiFID and Solvency II regulations. Moreover, it provides comprehensive reporting on the portfolio, risk and investment results. It is possible to generate periodic reports and prepare documents to be published by the fund (e.g., Key Investor Information Documents—KIIDs, fact sheets) or reports intended for internal and external clients (investment committees/institutions).

Reports generated with our regulatory reporting software can be distributed via email, document management systems or other communication channels, including web portals and mobile applications.
The Comarch Asset Management system offers a set of features supporting end-to-end asset management and facilitate front-, middle- and back-office operations. The platform itself is highly configurable, which makes it possible to tailor processes and algorithms to particular investment philosophies and a wide range of supported portfolios, user profiles and funds subject to different regulations and regimes. A significant strength of the Comarch Asset Management software is its performance measurement system enabling the generation of advanced analyses of performance (e.g., Sharpe, Sortino, TE and IR), attribution (models by Brinson, van Breukelena and Campisi) and risk (incl. VaR, Drawdown and stress-tests).

The solution is supported by an independent regulatory reporting software, using data from the domain-specific modules and external systems, designed to generate regulatory reports (AIFMD—Alternative Investment Fund Managers Directive and UCITS – Undertakings for Collective Investment in Transferable Securities) as well as reports for investment committees and compliance departments. The platform is complemented by the Fund Portal used for the communication between a fund management company and institutional clients (private content) and for the distribution of public information and documents.

The individual components of the Comarch Asset Management system are targeted at different groups of users:
  • The areas which support investment processes, risk and performance measurement and the control of investment limits are dedicated to asset managers, analysts, risk management specialists and compliance department employees in asset management companies.
  • The area for fund valuation, bookkeeping, payments and settlements is designed for back-office employees responsible for fund accounting in custodian banks as well as investment and insurance companies.
  • The regulatory reporting area and analytical engine supports risk managers, analysts, accountants and compliance department employees by automating the processes of generating regulatory reports and reports to be presented at investment committee meetings.

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