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BACKGROUND An asset management firm that trades a significant number of ETFs was in the process of acquiring another firm which would increase their AUM to $80 billion. The acquired firm traded predominantly derivative securities and needed expertise on how to handle these securities in Eagle Data Management. The client then acquired a second firm
Read Full ArticleOMS and Portfolio Accounting System Consolidation
BACKGROUND An independent registered investment advisor with over 100 institutional clients retained Meradia to design new operations and technology processes and workflows. Their trading and operations staff juggled multiple trading platforms and two different portfolio accounting systems. They had already selected target platforms for both trading and accounting. The client selected Meradia based on our
Read Full ArticleLegacy Accounting Systems Conversion: Project Management & Analysis
BACKGROUND Our client, a large financial services accounting outsource provider, engaged Meradia to convert an investment manager (the end-client) from two separate legacy accounting platforms onto a new strategic platform. Our client had been providing mutual fund accounting services to a large investment manager for over a decade and all funds were to be converted
Read Full ArticleCharles River Implementation Program Lead
BACKGROUND A global OCIO provider with over $100 billion AUM decided to change from a proprietary trading platform to Charles River. Their current order management system supported trading for in-house branded mutual funds, third-party-managed collective trusts, separately managed accounts and alternative assets. The system also acted as IBOR and provided data to several downstream applications.
Read Full ArticlePerformance Implementation for Large Insurance Company
BACKGROUND A Fortune 500 company’s asset management division retained Meradia to help facilitate the conclusion of a challenging implementation of and conversion to SS&C’s Sylvan Global Performance Measurement and Risk platform. Meradia provided portfolio accounting, performance measurement and testing expertise and identified and troubleshooted errors hindering progress. Issues impacting Sylvan, the data flows, defined acceptance
Read Full ArticleBlackRock Aladdin Front Office Implementation Project Manager
BACKGROUND A global asset manager had multiple vendor and proprietary trading systems to support equity and fixed income trading. The firm struggled to get a timely, accurate and holistic view of trading activity and decided to standardize by implementing a single instance of BlackRock’s Aladdin globally. Functional scope for the full Aladdin suite included trading
Read Full ArticleData Warehouse Implementation for Multi-boutique Investment Manager
BACKGROUND Meradia’s client, a multi-boutique investment manager, struggled to generate timely client or management reporting. Products included public funds, ETFs, institutional, private client UMA and retail UMA. Portfolio accounting, reconciliation, performance and client reporting functions were outsourced to multiple vendors. A lack of governance across the data further challenged the client in this complex landscape.
Read Full ArticleScalability and Repeatability for Global Service Provider
BACKGROUND Meradia was retained by a leading global asset servicing company to solve scalability problems arising from the rapid growth of their data warehouse. Expansion of the firm’s data warehouse to meet the influx of new clients and service offerings was complex with the extension of historical data and addition of new functionality. Complicating the
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