NJ Asset Management Adopts Bloomberg Solutions for Enterprise-wide Digital Strategy

Mumbai/Surat – Bloomberg announced today that NJ Asset Management Pvt. Ltd. (“NJ Asset Management”) one of India’s newest asset management companies, has adopted Bloomberg AIM and Bloomberg Vault to help enable its enterprise-wide digital strategy across the entire investment workflow.

NJ Asset Management will use Bloomberg AIM, a leading order and investment management solution, in connection with its portfolio analytics, order management and trading compliance activities.

Bloomberg AIM addresses NJ Asset Management’s specific needs for tools to support rule-based investment decision-making. AIM helps them to easily expand their investment strategy across multiple portfolios and utilize real-time data for timely rebalancing decisions.

NJ Asset Management will also be using Bloomberg Vault to aggregate and capture different types of e-communications data for compliance monitoring and surveillance purposes as well as record retention.

NJ Asset Management is a data-driven asset management company based in Surat (Gujarat, India) that follows a ‘Rule-Based Investing’ fund management style designed to reduce human bias. It is part of NJ Group, a diversified business group with primary interests in the financial services industry. In the financial services space, NJ Group runs businesses of financial products distribution, asset management, insurance broking, credit /loans and offshore funds distribution.

“As part of the technologically oriented NJ Group, it is only natural that we gravitate towards building a foundation based on industry best practices that harness the latest in investment technology,” said Mr. Rajiv Shastri – Director & CEO at NJ Asset Management. “Bloomberg AIM was a natural choice for an order management system for us. Used by many of the world’s top investment managers, it has the ability to scale efficiently with our growth. Bloomberg’s full range of buy-side technologies aligns well with our rule-based investment philosophy and we expect these to enable us to operate efficiently, diligently and transparently.”

Bloomberg Vault is an integrated compliance and surveillance solution designed to help global financial services firms meet their regulatory obligations and business standards. Vault enables firms to capture, control, archive, reconstruct, and analyze their e-communication, trade, and voice data across the entire trading life cycle.

“We are pleased to partner with NJ Asset Management as it prepares to enter its next phase of growth. Asset managers need to navigate a fast-evolving market and regulatory environment, and adoption of Bloomberg’s AIM and Vault solutions will help NJ Asset Management to optimize their operations and improve their efficiency, agility and compliance,” said Rajiv Mirwani, Head of Enterprise Sales – South Asia, Bloomberg. “We are committed to helping our clients overcome new challenges with fresh data insights, cutting-edge portfolio management tools, and streamlined functionality to support operations – all on one efficient Bloomberg workflow.”

About NJ Asset Management Pvt. Ltd:

NJ Asset Management follows a rule-based investment philosophy which offers a clearly differentiated approach that is inherently disciplined and robust. The company uses different types of data and market information to identify opportunities for investment using time-tested factors that drive portfolio performance, with minimum human intervention. The company uses in-house proprietary factor based models that drive asset allocation and security selection decisions. As of June 2023, the company manages an AuM of over Rs. 8,000 crores across its mutual fund schemes and portfolio management services.

For more information visit www.njmutualfund.com

About Bloomberg

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit Bloomberg.com/company or request a demo.

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