Reduces manual intervention, risk and allows scalability of the pricing platform
Advantage Asset Managers (AAM), a South Africa-based independent multi-manager, has implemented DST Global Solutions’ new unit pricing workbench software to its HiPortfolio suite of products.
David Wakerley, chief technical officer of AAM, said: We needed an application that would enable us to do automated price verification of some 1000 portfolios priced by us on a daily basis. Our aim was to eliminate or significantly reduce any manual intervention, thus reducing risk and allowing scalability of the pricing platform.
In addition, it was important that the new software was easily integrated with our current HiPortfolio implementation and could be customised for our purposes. The new system is now live and we are very pleased with the capability it is providing for us. The average time to confirm prices has been reduced by as much as 60%, he added
Kathy Burke, sales manager of DST Global Solutions South Africa, said: We are delighted to have delivered the first global implementation of our new software. AAM is a long established client of ours and we are proud to have their prestigious name on our customer base.
AAM manages balanced funds for pension fund clients using specialist equity, bond and cash manager mandates. The company manages its portfolios in accordance with a risk-budgeting strategy, tailored to the liability requirements of their clients.