{"id":9919,"date":"2020-08-12T08:33:16","date_gmt":"2020-08-12T12:33:16","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-core-mortgage-premium-solution-selected-by-putnam-investments\/"},"modified":"2020-08-12T08:39:12","modified_gmt":"2020-08-12T12:39:12","slug":"bloomberg-core-mortgage-premium-solution-selected-by-putnam-investments","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-core-mortgage-premium-solution-selected-by-putnam-investments\/","title":{"rendered":"Bloomberg Core Mortgage Premium Solution Selected by Putnam Investments"},"content":{"rendered":"
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New York, NY — Bloomberg today announced that Putnam Investments has selected its Core Mortgage Premium (CMP) solution to support portfolio modeling and strategy for the firm\u2019s mortgage funds. CMP, using the Bloomberg Agency Prepayment Model (BAM), provides daily overnight analytics of Mortgage Backed Securities (MBS), Collateral Mortgage Obligations (CMO), To Be Authorized securities (TBA), and Custom mortgage securities.<\/p>\n

CMP is accessed via Bloomberg\u2019s Multi Asset Risk System (MARS), a comprehensive suite of risk management solutions. MARS, which is delivered on the Bloomberg Terminal and via APIs, provides risk analytics for cash and derivatives securities, from vanilla to complex and cash structured products. Bloomberg Risk solutions cover all traders and portfolio managers\u2019 front-office needs across market risk, XVA, credit risk, collateral and SIMM among others, which are built on a common pricing library to provide consistency across client workflows.<\/p>\n

CMP also enables front office trading, research and risk professionals to access the same mortgage functionality via desktop-based tools, including a programmatic API.\u00a0 These tools give users full control over input assumptions and predictive model parameters, providing a consistent set of analytics with mortgage functionality on the Bloomberg Terminal and other Bloomberg solutions, such as the Bloomberg Barclays Indices and MARS.<\/p>\n

Brian Lenhardt, Chief Operating Officer, Investments at Putnam\u00a0 said: \u201cIn today\u2019s market, it is more important than ever to have flexible and reliable tools that help generate investment results. Using the Bloomberg BAM model, which is fully integrated with the Bloomberg Terminal, enables us to continue to provide our clients with the performance and value they expect from Putnam.\u201d<\/p>\n

Russel Parentela, Global Head of Cash Structured Products at Bloomberg, said: \u201cWe are pleased that Putnam Investments has chosen CMP and our BAM model to support their mortgage strategy. Firms are looking for more ways to generate returns, and their ability to customize the BAM model, supported by Bloomberg\u2019s data and analytics, delivers a comprehensive mortgage solution to help clients generate investment ideas, and benefit from improved decision-making and advanced risk management capabilities.\u201d<\/p>\n

The BAM model is used to calculate analytics for the Bloomberg Barclays US MBS Index. As part of the acquisition of Barclays Risk Analytics and Index Solutions (BRAIS), Bloomberg acquired this model and incorporated its successors into Bloomberg\u2019s mortgage solutions.<\/p>\n

About Putnam Investments
\n<\/strong>Founded in 1937, Putnam Investments is a leading global money management firm with over 80 years of investment experience. At the end of July 2020, Putnam had $175 billion in assets under management. For more information, visit www.putnam.com<\/strong><\/a>.<\/p>\n

About Bloomberg
\n<\/strong>Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: utilizing technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit\u00a0Bloomberg.com\/company<\/a>\u00a0or\u00a0request a demo<\/a>.<\/p>\n

Media Contact:<\/strong>
\nGauri Andriks, Bloomberg, +1 212 617 6361, gandriks@bloomberg.net<\/a><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"New York, NY — Bloomberg today announced that Putnam Investments has selected its Core Mortgage Premium (CMP) solution to support portfolio modeling and strategy for the firm\u2019s mortgage funds. CMP, using the Bloomberg Agency Prepayment Model (BAM), provides daily overnight analytics of Mortgage Backed Securities (MBS), Collateral Mortgage Obligations (CMO), To Be Authorized securities (TBA), [...]","protected":false},"featured_media":0,"template":"","format":"standard","categories":[86,17],"press_tag":[79],"class_list":["post-9919","press","type-press","status-publish","format-standard","hentry","category-bloomberg-professional-services","category-press-announcement","press_tag-press-announcements"],"yoast_head":"\nBloomberg Core Mortgage Premium Solution Selected by Putnam Investments | Press | Bloomberg LP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-core-mortgage-premium-solution-selected-by-putnam-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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