Jamieson Coote Bonds Adopts Bloomberg Buy-Side Solutions

Melbourne-based active bond fund manager Jamieson Coote Bonds (JCB) has adopted Bloomberg’s buy-side platform to simplify its technology infrastructure. 

Charles Jamieson, executive director at JCB says the firm has been long-time users of Bloomberg’s technology. “As we were looking for an order management system, we needed something that not only could simplify and streamline our workflow but also would be well-recognized institutionally as a robust and rigid operating model,” he says.

JCB uses Bloomberg AIM to achieve an optimized front-to-back office workflow that covers portfolio modeling, trading, reporting, compliance, and investment operations. Meanwhile, Bloomberg PORT is used for portfolio reconciliation, cash management, and portfolio valuation.

“It allows us to work in one flow environment where we can look at portfolio modeling and monitor key rate risk, liquidity risk, and other risks in utilizing in the Bloomberg PORT system and we can also do that in AIM and makes sure our workflow allows us to stay within our mandate and compliance limitations. There are a number of fail-safes in that system that allow for us to guarantee that the mandate will be well-managed and very considered inside of its mandate limitation and all the way through to the pre-compliance environment,” he adds.

JCB has over A$1.1 billion ($780 million) in assets under management with a specialization in duration management and security selection, focusing on capital preservation. 

One of the features JCB uses substantially are the proprietary modeling indicators, which assist it when considering its investment strategy and how it plans to execute it. 

Jamieson says the alert system is useful especially since JCB covers a lot of markets. “Having that alert system is a fantastic way to monitor security movements but also relationships and correlations in that space. It allows us to filter large amounts of information and be alerted to changes in information that’ll be important to that strategy and things we want to implement on should they move to predefined target levels,” he says.

This helps JCB in being precise in its execution and gives it an edge in making sure it is up-to-date on all the moving parts, which it faces as a portfolio manager in global markets.