LONDON--(BUSINESS WIRE)--Room Zero, the provider of specialist software to the asset management industry, has signed a five-year deal with Jupiter Asset Management to consolidate assets under management and flow information into a single dataset.
Assets under management and flow data are typically managed separately by multiple teams in an asset management business. Room Zero’s cloud-based software eliminates duplication of effort and silos, allowing multiple departments across a single firm to work and process common information.
Richard Warrington, co-founder at Room Zero, said:
“We have consolidated over 30 databases into one. Jupiter is now handling data feeds covering mutual funds, hedge funds and segregated accounts on our software. As a result of the work with Jupiter, our software now accommodates sophisticated retail clients, as well as institutional asset managers. It’s great to work with industry innovators like Jupiter.”
Maximilian Guenzl, Co-Head of the Client Group at Jupiter Asset Management, said:
“We recognize that technology is a crucial and differentiating factor in an asset manager’s ability to deliver a seamless and high-quality experience for clients. This is particularly important as the needs of wholesale and institutional clients converge. As we continue to develop our business to better serve our clients’ evolving needs, we welcome Room Zero as a partner.”
- ENDS -
About Room Zero
Established in 2017, Room Zero is an asset management software firm, based in London.
The team’s collective backgrounds as asset management consultants gave them a perspective on the importance of a focused product within the buy-side – doing a simple task very well.
Crucially, the team recognised that the areas of Finance and Distribution (particularly in the context of AUM & Flow) was an underserved sphere within buy-side technology. The business then set out to establish a consulting and software business that served that niche.
The firm has now developed Room Zero AUM, a unique out-of-the-box, cloud-based system that solves the problem of consistent, reliable AUM & Flow data.
About Jupiter
Jupiter was founded in 1985 to deliver investment performance for our clients through active asset management. From our origins in 1985, Jupiter now offers a range of actively managed strategies available to UK and international clients including equities, fixed income, multi-asset and alternatives. Jupiter is a constituent member of the FTSE 250 Index.
