A single operating system for running investment portfolios

PROBLEM

• BCI Asset Management's fund operations relied on a suite of decoupled services (reporting, commercial support, risk and investments) built up in layers since 2018, without a single engine governing portfolio, risk and compliance together
• Risk monitoring (attribution, tracking error, DV01, factor exposure) and pre/post-trade compliance operated independently, without a single source of truth for investments and compliance
• Performance attribution and comparison against benchmarks and peer indices depended on manually consolidating data from multiple systems (RD core, COMAPV, CMF, external providers), delaying visibility for decision-making
• The managed-portfolio business was growing without its own reporting infrastructure, subordinated to processes designed for mutual funds

SOLUTION

• Abaqus implemented Funds IQ as the single operating system through which all of BCI Asset Management's investment-portfolio operations run: mutual funds and managed portfolios on one platform
• It consolidated portfolio management (asset allocation, rebalancing), risk and compliance (performance attribution with PnL decomposition into price, FX and cross effects; tracking error, DV01, factor exposure; risk and liquidity metrics such as Sharpe, Sortino and VaR) and reporting into a single operational core, with automatic benchmarking against market indices and peer groups (integrating providers such as Risk America)
• More than 30 integration tasks were automated (ETL) to consolidate holdings, transaction and valuation data each early morning from BCI's RD core, the COMAPV system (IBM DB2), the CMF and external providers, leaving the platform ready with the prior day's visibility before market open
• A dedicated managed-portfolio module was added on the same system, with reporting of its own for this business line.
• The platform was built on a consolidated, AI-ready data architecture, with bank-grade security (SSO via Azure MSAL) and complete historical traceability of every data point and movement

RESULTS

• BCI Asset Management now runs funds and managed portfolios from a single operating system for portfolio, risk and reporting, eliminating fragmentation between modules
• Visibility over the funds' entire operation, with detailed performance attribution (price, FX and cross effects) and automatic benchmarking available every morning before market open
• Investments and risk work with homogeneous metrics (attribution, TE, DV01, factor exposure, Sharpe, Sortino, VaR) across the entire fund lineup, in real time
• Pre- and post-trade compliance is embedded in daily operations, with early breach alerts (LimitBreach) that reduce regulatory exposure before risk materializes