Bloomberg last week announced that Sumitomo Life Insurance Company (Sumitomo Life), one of Japan’s life insurers, has adopted Bloomberg’s Research Management Solutions (RMS Enterprise), Bloomberg’s enterprise research management solution for institutional investment teams. The company says they are the first institutional investor in Japan to adopt the solution.
Bloomberg RMS Enterprise enables institutional investment firms to centralize proprietary research, financial models, investment recommendations and commentary in a governed environment, connecting them with Bloomberg data and portfolio analytics. The solution will support the firm’s Equity Alpha Group, including its Japan Equity Team, Global Equity Team and Engagements Team, across the investment research process, from idea generation and financial modelling to investment recommendations and portfolio construction.
The solution has been customized for Sumitomo Life’s specific investment process, enabling the company to centrally manage and utilize its proprietary research templates and data fields through a unified dashboard, added Bloomberg. As part of the implementation, Sumitomo Life will also adopt BQL for PORT Enterprise, an API module for Bloomberg Query Language within Bloomberg PORT, that enables data from its portfolio positions to be integrated with external systems. With BQL for PORT Enterprise, Sumitomo Life can connect its internal research and proprietary data including its portfolio holdings, enabling its investment team to more efficiently evaluate investment ideas alongside their existing positions and risk exposures.
“As market conditions become increasingly complex, we believe that enhancing the quality of investment decision-making requires individual investment professionals to make better use of the insights generated throughout the organization,” said Kota Kanno, general manager, Balanced Portfolio Investment Department at Sumitomo Life. “With Bloomberg RMS Enterprise and BQL for PORT Enterprise, we will be able to centrally manage and share our proprietary research and data accumulated across the firm and combine these insights with our portfolio information. We are confident that this will further enhance the efficiency of our entire investment management process, from identifying investment ideas and making investment decisions to portfolio construction.”
A longstanding Bloomberg client, Sumitomo Life also uses Bloomberg Asset and Investment Manager (AIM), PORT Enterprise, Bloomberg FX Electronic Trading (FXGO), Bloomberg Fixed Income Trading (FIT) and Bloomberg Valuation Service (BVAL) across its investment workflow.
RMS Enterprise users can access ASKB, the Bloomberg Terminal’s conversational AI interface, to analyze and surface insights from their team’s research and proprietary financial models, Bloomberg continued. ASKB helps investment teams refine their investment theses with agentic AI assistance across the full investment research lifecycle.
“Sumitomo Life has a clear vision for how technology can strengthen its investment process, and we’re proud to support that ambition”, said Norman Tweeboom, head of enterprise sales, Japan, Bloomberg. “By bringing Bloomberg’s high-quality data, analytics and research capabilities closer to its investment teams, we’re helping Sumitomo Life get more value from its proprietary expertise and for their teams to make more informed investment decisions. This marks an important milestone in our longstanding technology relationship and for the further deployment of our leading research management solution in Japan.”
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