Marathon Asset Management Chooses SimCorp's Dimension

Marathon's is based at One Bryant Park in New York

The investment management services provider says Marathon, a credit strategies specialist, has implemented its middle-office platform.

Replacing a number of legacy systems, the new platform will provide additional functionality and help Marathon consolidate its trade processing, fund accounting, and reporting across both its long-only and hedge fund portfolios. It will also enable greater interaction with systems firm-wide.

"A key criterion was to have a system that would be future-proof and reduce our overall costs of ownership. We have been able to rationalize systems so that we now have a single view of data and a stable accounting platform. Getting the right system was essential—it is and will be the backbone of our business," says Nick Hughes, COO for Marathon Asset Management.

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