Fuchs Asset Management and Next Gate Tech, a Luxembourg established data-driven FundTech, are delighted to announce their collaboration.

Increasing regulatory pressures require fund industry players to enhance their organisational effectiveness. This requires increased automation for fund operations and third-party data management.

Fuchs Asset Management is dealing with multiple counterparties on a daily basis and is looking for the most efficient way to operate, given the need to review and analyse different data inputs from various sources.

Next Gate Tech addresses this through its fast and seamless end-to-end data collection process from different counterparties. Its data management module then produces harmonised data sets on a daily basis. Fuchs Asset Management said this deal includes data analytics, workflow and risk management tools, allowing a broad range of performance, risk and fund data calculations, and reports that strengthen the independence of its oversight checks, while mitigating operational risk. Teams can then focus on the value-added tasks with an exceptions-based approach and reduce manual errors.

Timothé Fuchs, CEO of Fuchs Asset Management, explained: “This represents a core pillar of our IT strategy and we are looking forward to developing further our relationship with Next Gate Tech. As part of this cooperation, we did not need to devote resources to a big implementation project, as it is a plug and play SaaS web dashboard. We have therefore benefited from significant time and cost savings, which enabled us to continue doing what we do best - delivering insights to our clients.” He added: “In this regard, we are improving our operational processes, while putting a strong focus on our client service by providing meaningful dashboards and analyses.”

Davide Martucci, CEO of Next Gate Tech, underlined that: “Our aim is to provide our clients, spread across the fund industry value chain, with DMaaS (Data Management as a Service) and data analytics. Fuchs Asset Management is a pioneer client of Next Gate Tech and has a very broad range of investment strategies within their fund range. We have therefore been delighted to work closely with them to help develop and deliver innovative solutions to meet their needs as their business has grown, while supporting their overall oversight activities. We look forward to developing our relationship further going forward as their business grows and their requirements evolve.”

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About Fuchs Asset Management: Fuchs & Associés is an independent family group whose professional activities are regulated by the CSSF (Commission de Surveillance du Secteur Financier). Specialised in the financial management of private and institutional clients, Fuchs Group has deep roots in Luxembourg, a top-tier global financial centre, located within the European Union. The group was formed in 2000 by Jean Fuchs, entrepreneur and proponent of the Luxembourg financial marketplace for over 40 years: it offers bespoke client solutions to ensure the development and sustainability of wealth, business and investment security. To respond to constant changes in the market, Fuchs Group now has more than 150 experts working for them in Luxembourg, Brussels, and Geneva, recruited from the largest financial institutions: specialists in wealth management, in investment fund management and governance (Super ManCo), Family Office, insurance brokerage and trading, combining skills, and strong values. Independence, Commitment, Human, Reliability and Innovation are the Group’s key beliefs.