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NEWS > TECHNOLOGY
Super funds to gain better risk management
Monday, 1 March 2010 12:45pm
By Michael Hobbs  |  In Technology

Super funds could soon gain far more detail on fund manager performance after the launch of a new middle office platform from IT outfit DST Global Solutions.

Steve McGovern, global head of the middle office platform at DST Global Solutions, said the middle office platform would run behind the superannuation administration platform and allow funds to monitor and manage investments.

"We offering risk management, if they're managing 50 different investment managers - how do they track how all those investment managers are living up to their mandates? This platform will aggregate that data provide that analysis," he said.

DST is known in the local superannuation market for its investment management administration platform, HiPortfolio.

McGovern said this middle office platform would take the data used in the administration platform and aggregate it to provide funds with accurate information on liquidity, unit pricing and credit risk.

He said previously, many super funds were not looking at these risk management factors as closely as they should have.

"In some cases funds are assessing these factors manually and in some cases it was paid little attention at all. What we're seeing is people take on the subject of risk and control risk better than pre-GFC," he said.

The middle office platform is expected to be available after April this year, said McGovern.

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