The new technology is aimed at super funds as they increasingly look to “in-source” investment allocation in the face of heightened return and cost pressure, according to APAC managing director Marian Azer.
“There is a growing demand from Australian superannuation funds, of all sizes and complexities, for an enterprise-based technology to manage daily asset allocation parameters and to be able to effectively model, monitor and transact in near real time,” Ms Azer said.
“Most solutions cannot fully support the increasingly complex product and multi-portfolio fund of fund structure and complex product-led asset allocation decision-making activities – from modelling, pre-trade compliance, cash forecasting, to execution.”
The solution addresses what has historically been a “fragmented, manual, time-consuming process”, with a recent Milestone Group survey finding that most institutional investors globally still lack an enterprise technological capability to adopt sophisticated investment strategies.
More than 80 per cent of the 47 institutional investors that were surveyed confirmed that fund of fund investment strategies are becoming more complex to manage.
“This is another example of the flexibility that a process and data-driven platform can deliver to the market, and of our commitment to working with clients across multiple geographies to solve common problems at scale. We have developed and refined these capabilities in partnership with some of the world’s leading asset allocators,” said executive chairman Geoff Hodge.