Australian Unity Investments and its joint-venture partner Platypus Asset Management have implemented DST International’s administration software, Hi Invest.
AUI and Platypus will use the software to automate and report on modelling, dealing, pre- and post-trade compliance, performance measurement and attribution, unit pricing validation, and client reporting. Mark Pratt, chief operating officer at Australian Unity, said the automation would allow the portfolio managers to be provided with more accurate and up-to-date information, while reducing the number of errors that are inevitable with manually entered data. Pratt said AUI went to market 12 months ago, and chose DSTi because the Hi Invest program was flexible, scalable, and was the most suited to the reporting requirements of AUI and Platypus.
Future Fund chief investment officer Ben Samild said that FY24 has been a great year for alpha creation, thanks to strong returns in equities and, unusually, across multiple hedge fund strategies all at the same time. He reflected the past few years have been “a difficult time to be an asset owner and to generate positive returns for risk assets” but the Future Fund is tracking well of its long-term mandate.
Simon Hoyle and Darcy SongSeptember 4, 2024
