Telstra Super has expanded its relationship with specialist Charles River for a new fixed income desk that will allow direct control over investments by bringing more of its funds management in-house.
The Charles River Investment Management System Version 9 (Charles River IMS) will allow Telstra Super to address the responsibilities required to transition funds management in-house.
"The flexibility and scalability of Charles River IMS meant we could expand our range of investment products, increase the amount of funds managed internally and reduce the administration expenses traditionally associated with multiple managers," Telstra Super head of Australian Equities John Eliopoulos said.
Telstra Super first enlisted Charles River in 2008 to help facilitate new business initiatives and efficiently introduce new instruments.
Charles River IMS will be used across Telstra Super's equity, fixed income and money market instruments, which will result in greater trading accuracy, expanded analytics, instrument cover and reporting and real time pricing, the fund said.
In addition, it will mean fully-integrated compliance throughout the entire trading lifecycle and the ability to monitor the effects of proposed orders across multiple portfolios.
Telstra Super manages over $11 billion for over 100,000 members in Australia.
