Ryedale, a leading investment management solutions provider, has implemented Portfolio and Order Management systems for Renaissance Capital. Renaissance Capital is a global IPO investment advisor providing pre-IPO institutional research and IPO-focused investment products. Renaissance currently offers two thematic equity ETFs, one holding recent US IPOs, the other holding international IPOs.
The IPO expert chose Ryedale above some of the major investment software providers because Ryedale System offers superior index tracking, ETF functions, and an all-in-one data management solution. Ryedale's integrated Portfolio Management System provides Renaissance with direct dealer connectivity via FIX to several trading partners.
Kathleen Smith, Principal and Co-Founder of Renaissance Capital said: “Ryedale Platform has matched our needs very well. It has automated all routine aspects of our portfolio management and has transformed the way we do index rebalances.”
Onboarding Renaissance Capital has proceeded alongside several other engagements for Ryedale. The Ryedale Platform is attracting attention, from asset managers large and small, for its functional breadth whilst being cost-effective and easy to implement.
Jon Rushman, Ryedale’s CEO said: “It’s been great partnering with Renaissance to boost the efficiency of their portfolio management process with straight-through rebalancing. The two IPO ETFs are higher turnover and more ‘active’ than most. Renaissance can take full advantage of our tax efficiency features and I’m pleased with how well these ETFs have worked on our platform.”