Bloomberg Data Management Services Takes Home Best Buy-Side Managed Services Platform Award

Solution now enhanced to optimize firms’ management of ESG data across vendors

We are proud to announce that Bloomberg Data Management Services has won the award for Best Buy-Side Managed Services Platform at A-Team’s 2021 Data Management Insight Awards. The annual Data Management Insight awards, now in their ninth year, recognize leading providers of data management solutions, services and consultancy to capital markets participants.

In 2021, Bloomberg Data Management Services (DMS) helped Buy-Side firms manage their data universe, providing unparalleled quality, control and insight into the production of critical data that satisfies the increasing demands of users and applications.  With new turnkey solutions such as Data License Plus and the multi-vendor ESG Manager, DMS makes it easier to solve for critical data management challenges without a long and costly onboarding process.

With the rapid growth of sustainable investing in recent years, the Bloomberg Data Management Service has been enhanced to optimize the management of ESG data across various vendors. There is an ever-growing list of ESG data vendors available to help investment managers assess the impact of ESG factors on their portfolios and comply with regulations. However, complexity across vendors and datasets  continues to create operational challenges. With no standardization across the industry, many firms are struggling to put all of these pieces together in a short period of time.

In order to help firms solve the challenge of integrating ESG data from multiple vendors into their investment systems, Bloomberg DMS launched the ESG Manager – a cloud-based data management solution. The ESG Manager aligns the client’s ESG data with their investable universe and distributes the data across their investment and operational systems, enabling the client to quickly maximize the value of the data while freeing up resources. The ESG Manager provides turnkey support for the most popular ESG data vendors. Firms can also link their own in-house ESG scores and other proprietary data for a complete view of their sustainability data.

“By enabling our clients to optimize data sourcing, customize timings, refine business rules and control consumer use, Bloomberg Data Management Services, ensures a high quality transparent data universe that is fit for purpose while supporting continuous improvement,” said Don Huff, Global Head of Client Services and Operations at Bloomberg Data Management Services. “In addition to creating high-quality data with full lifecycle transparency, Bloomberg Data Management Services analyzes each client’s unique data universe to extract valuable insights that provide powerful feedback and allow greatly improved control over data sourcing, production and use.”

“It has been fantastic to see such a high caliber of entries in our Data Management Insight Awards 2021. There are some really deserving winners and we congratulate Bloomberg Data Management Services on winning Best Buy-Side Managed Services Platform and for their contribution to the financial data management industry.” said Angela Wilbraham, CEO of A-Team Group, which hosts the Data Management Insight Awards.

The full list of awards announced by A-Team Group today is available here.