Union Investment expands Bloomberg relationship with PORT Enterprise

PORT Enterprise from Bloomberg will provide portfolio managers at Union Investment with risk and attribution models, portfolio analytics and reporting functionality.

European asset manager Union Investment has extended its partnership with Bloomberg by integrating its PORT Enterprise solution.

The solution will give Union’s portfolio managers access to Bloomberg’s risk and attribution models, portfolio analytics, and reporting functionality.

The investment firm is already a client of Bloomberg, after adopting its research management solutions in 2018, alongside BMO Global Asset Management, in response to MiFID II new investment research requirements.

“PORT Enterprise has enabled us to streamline our investment processes, track portfolio risk and performance and visualise holdings selecting different criteria,” said Benny Gärtner, head of equity portfolio management at Union Investment.   

“Bloomberg also helps us report efficiently via a multifactor model, and optimise asset allocation through smart data querying via an API feeding into our optimisation tool. We were particularly impressed by how easy and quick the implementation went despite the pandemic, with critical remote support and regular discussions to evaluate adaptations to Union’s specific workflows.”

Union Investment joins several other buy-side firms to on-board the Bloomberg solutions recently.  European asset manager Vega Investment Managers deployed the PORT Enterprise service last month, while Bankia Asset Management integrated the AIM system for order management.

More recently, Lombard Odier implemented the PORT Enterprise to unify its portfolio and order management processes across equity and fixed income trading.

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