Gresham partners FundGuard on investment data management

Gresham has formed a partnership with FundGuard, linking investment accounting with enterprise data management for institutional investors, asset managers and fund administrators.

The arrangement connects FundGuard's investment accounting platform with Gresham's data management products, allowing clients to work from a single set of investment data across public and private markets.

The partnership targets a long-running industry problem: portfolio data often sits across separate accounting, operations and reporting systems. That fragmentation can make it harder for firms to produce reliable intra-day reporting and maintain a consistent view of holdings, valuations and performance across asset classes and jurisdictions.

Under the agreement, FundGuard's multi-book accounting system will feed data into Gresham's enterprise data layer. The combined setup is intended to give investment firms a governed source for accounting outputs, data lineage and validation, rather than leaving those functions split across different platforms.

The move comes as buy-side firms face pressure to improve oversight of increasingly complex portfolios spanning both public and private assets. Many have invested in analytics tools and portfolio systems, but data quality and consistency remain hurdles for reporting, control and operational processes.

Data focus

Gresham's role in the partnership centres on validating, governing and distributing data across the investment lifecycle. FundGuard provides an accounting platform that covers IBOR, ABOR, reconciliation and workflow functions on a single system.

The integration is intended to support front-, middle- and back-office processes with a shared data set. The joint offering is also designed to help clients scale assets under management across products and markets while maintaining a consistent reporting framework.

Gresham has been expanding its data offering since acquiring S&P Global's Enterprise Data Management business. That deal brought together data governance, lineage and validation tools under the Gresham brand, broadening its reach in financial data operations.

It also offers Pulse Data, a cloud-based service that aggregates more than 6,000 investment data feeds from over 1,600 sources. The service supplies market, reference and risk data into Gresham EDM and downstream processes such as reconciliation, net asset value calculation and regulatory reporting.

FundGuard, meanwhile, has positioned itself as a cloud-based investment accounting provider for asset owners, asset managers and fund administrators. It is backed by financial institutions including Citi and State Street, alongside venture investors such as Blumberg Capital, Key1 Capital, LionBird Ventures and Team8.

Industry problem

The partnership addresses a wider debate in investment operations over whether firms should rely on broad end-to-end systems or combine specialist tools. In practice, many organisations still use a patchwork of accounting engines, data stores and reporting applications, leaving them with conflicting records and delays in producing a firm-wide view.

By linking accounting outputs directly into an enterprise data layer, Gresham and FundGuard aim to reduce some of that operational friction. The goal is to make accounting data available in a form that can be checked, traced and used more consistently across reporting and decision-making.

"A true total portfolio view starts with data intelligence," said Simon Behan, chief commercial officer at FundGuard. "Our partnership establishes a modern foundation for institutional investors who want real-time, multi-asset, multi-book insight without the high costs of a fragmented data architecture."

"Clients can now rely on a single, consistent and transparent view of their investment data, driving operational efficiency, performance insight and regulatory confidence," said Nathan Wolaver, chief revenue officer at Gresham. "By bringing together enterprise data management, investment accounting and business intelligence tools, our collaboration with FundGuard creates a unified data foundation that helps clients make better-informed decisions with greater control and confidence."