Prime Value Asset Management (Prime Value) has implemented the DST International (DSTi) registry solution, HiTrust, to improve its operational efficiency.
Prime Value, a boutique investment company with $400 million under management, said that the addition of DSTi’s advanced technology would allow the group to further differentiate itself as a superior provider of quality client service. The HiTrust solution is designed to further automate registry processes and facilitate future business growth for the boutique manager. As part of the arrangement, Prime Value will work with DSTi in the co-development of a performance fee capability within the HiTrust solution. Prime Value’s performance fees are calculated separately for each investor, and the manager will have access to around 200 locally based DSTi resource staff for ongoing training and technology support. Yong Quek, executive director at Prime Value, said DSTi listened to its needs and came up with a “;great solution”; for both parties.
The $34 billion Brighter Super is set to shift a significant proportion of equities assets in MySuper from passive to active management. Chief investment officer Mark Rider says the move is possible because of the scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
