Boutique funds manager Parker Asset Management yesterday confirmed it would take up Garradin investment administration modelling and compliance software, replacing modules provided by Financial Simplicity.
The agreement means that Garradin will supply Parker with back, mid and front-office investment administration software: the modeling and compliance modules would merge with back and mid-office system Garradin Portfolio, which is already used by Parker, Garradin chief executive officer, Stephen Bowhill, said. Bowhill said the combined system would enable “straight-through” transactions, including portfolio modeling, broker management (including pre-trade compliance and tax screening), taxation processes and reporting. Parker, which is still using Financial Simplicity software, would not confirm when the additional modules would go live.
1 May 2007 00:00
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Investments
The $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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