North Rock Deploys Glue42
Posted by Colin Lambert. Last updated: September 30, 2021
Multi-manager investment platform North Rock Capital has deployed Integrated desktop provider Glue42 as the foundation of its trading and risk platform.
Against what it says is a backdrop of an ever-changing regulatory environment and an expected expansion, North Rock Capital is investing heavily in proprietary technology, infrastructure, and risk analytics. The latest version of Glue42 Enterprise provides the firm with an enterprise desktop integration solution for its portfolio managers.
“Since we launched the North Rock platform in 2013, we’ve grown significantly and now partner with nearly 50 portfolio manager teams, each focused on a particular sector, region or industry,” says Kelly Perkins, chief investment officer, North Rock Capital. “Attracting top-tier specialised portfolio manager talent is critical to North Rock Capital’s continued growth and ability to deliver results to our investors. By providing portfolio managers with the tools to unify their individual desktops, we can build a flexible and personalised trading and portfolio management platform to deal with market volatility and growth without downtime.
“As we grow our portfolio, so does our need for integration of systems and processes”, he continues. “Glue42 enables us to integrate our proprietary applications and algorithms with newly acquired web applications without the need to discard existing technology investments. As such they will serve as the foundation to our technical blueprint and drive its success.”
James Wooster, COO at Glue42, adds, “In order to offer the best experience for portfolio managers, the hedge fund industry is turning to more comprehensive solutions and process automation. By digitising the firm’s institutional knowledge and experience, its portfolio managers will have a holistic view of multiple data sources which will drive better outcomes and provide a significant competitive advantage.”