SimCorp buy-side poll exposes inaccurate portfolio valuations, asset and exposure tracking errors
Over 60% of firms admit that data reconciliation errors impact the accuracy of their portfolio valuations. 53% state that daily tracking of assets and exposures occur with errors. SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today released the results of a recent buy-side poll on the impact of back-office systems on the accuracy of portfolio valuations, asset and exposure tracking. Surveying over 50 executives from almost 30 major buy-side firms across North America, the SimCorp poll revealed that 63% of firms