In a significant stride toward modernizing its technology infrastructure, Pzena Investment Management has successfully integrated with the Matrix investment management platform, marking a collaborative effort with Rimes to enhance operational efficiency, risk mitigation, and portfolio optimization. The achievement, announced today, follows Rimes’ official engagement with Pzena in February 2023, with the service going live in mid-September. Notably, this deployment represents Rimes’ inaugural implementation of a compliance rule framework-based optimization process within Matrix, a managed service offering full infrastructure and application support.
Brian Mann, Chief Data Officer and Director of Operations at Pzena, emphasized the importance of this development, stating, “Going live with the Matrix portfolio optimization component is a significant milestone in our overall technology modernization program. We can now systematically facilitate a growing demand for customized client portfolios. It has been a collaborative effort, and we appreciate the commitment and flexibility the combined Rimes and Pzena teams demonstrated to get the job done. We look forward to reaping the benefits the new solution will provide.”
The Matrix platform simplifies the management of complex, multi-level investment and product structures, bringing clarity to portfolio management and investment decisions. This platform’s portfolio optimization capabilities empower managers to strategically select the most favorable asset distribution strategy from a diverse range, including tangible and illiquid portfolios, based on agreed-upon performance and duration objectives. This approach maximizes anticipated returns while minimizing financial, regulatory, or reputational risk exposure.
Stuart Plane, Managing Director and Head of Enterprise Solutions at Rimes, expressed enthusiasm, saying, “We are delighted to have been part of this groundbreaking project and thank Brian and his team for their support. The successful implementation of the compliance rule framework-based optimization process, combined with our world-class infrastructure and application support, is an important first for Rimes and all our clients. It allows for a more disciplined and controlled investment management process, providing a comprehensive framework for decision-making within the bounds of compliance standards.”
Rimes and Pzena
Rimes provides enterprise data management solutions globally, tackling complex data problems to offer investment intelligence that powers over $50 trillion in AUM annually. Leading institutional investors, asset managers, and service providers rely on Rimes for accurate information and industry-leading technology.
Pzena Investment Management, LLC, based in New York City, is an investment manager specializing in long-term classic value investing. Managing US, non-US, and global portfolios, Pzena aims for long-term alpha generation. With a diverse, global client base, the firm also has offices in Melbourne, Australia; London, England; and Dublin, Ireland, focusing on business development, client service, and operations.