In a move that underscores Redwheel’s dedication to innovation and delivering exceptional value to its clients, the independent active investment manager has chosen to enhance its data management capabilities through an extended relationship with Rimes. The decision, announced on Wednesday, November 15th, 2023, marks a pivotal step for Redwheel, showcasing its commitment to establishing a robust investment data intelligence function and a systematic data management foundation.
With $17.6 billion in assets under management as of September 30th, 2023, Redwheel, an existing Rimes client for benchmark data services, is now expanding its collaboration to include the Matrix investment management platform. This strategic move is aimed at addressing core requirements and supporting future business growth by replacing legacy data warehouse technology with a modernized and efficient data infrastructure.
Nigel Hill, Chief Operating Officer at Redwheel, emphasized the significance of this expanded relationship, stating, “Expanding our relationship with Rimes is a critical step in our strategic program to transform our technology landscape. It underscores our commitment to innovation and delivering value to our clients.”
The integration of the Rimes Matrix investment management platform with Redwheel’s benchmark data service is expected to equip the company with the tools and capabilities needed to gain a significant competitive advantage through data-driven insights. Hill believes this will enable Redwheel to thrive in an increasingly competitive marketplace.
Stuart Plane, Head of Enterprise Solutions at Rimes, expressed the company’s goal to provide clients with a modern front-to-back solution that delivers operational efficiencies, reduces costs, elevates data quality, and provides inherent flexibility to support future business growth. He added, “The extension of our existing collaboration with Redwheel is a perfect example of a trusted partnership in action, and we are grateful for their continuing confidence in our ability to deliver long-term value to their business.”
About Redwheel: Redwheel is a specialist, independent investment manager with a foundation built on innovation, original thought, and high conviction. Managing $17.6 billion as of September 30, 2023, Redwheel specializes in Sustainable & Thematic Equities, Active Engagement, Emerging Markets, Value & Income, and Convertible Bonds. With offices in London, Miami, and Singapore, Redwheel is the operating brand of RWC Partners.
About Rimes: Rimes is an enterprise data management partner to the global investment community, providing investment intelligence that powers over $50 trillion in AUM annually. Headquartered in New York and London, Rimes services its global clients through offices in Europe, the Americas, and Asia Pacific. The world’s leading institutional investors, asset managers, and service providers rely on Rimes to make better investment decisions using accurate information and industry-leading technology.