Perpetual mulls white-labelling unit registry system

Perpetual’s two year project to overhaul its unit registry system has been successful enough that it is now fielding requests from would-be white labellers.

Perpetual’s chief operating officer, Eric Wang, said the manager recently closed down one of its legacy systems, Bravura’s Calibre, as it continues to consolidate with more up-to-date software from the same supplier. Perpetual was the first client to implement Bravura’s Wrap application and to utilise Sonata Business Services, an end-to-end business solution which claims to deliver full enterprise workflow management and document imaging across Perpetual’s entire back office. Wang said Perpetual would consider taking on white-labelling business if it fit with his core aim of “;making admin easier for financial planners”; and did not deviate far from how Perpetual already deals with its clients. Wang said a white-labelling of Perpetual’s WealthFocus master trust would be the most likely manifestation of this.

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Suspensions and redemption queues ‘speed bumps’ on private credit road: Blue Owl

Asset owners are right to be concerned about private credit fund suspensions and redemption queues, Blue Owl head of alternative credit Ivan Zinn told the Investment Magazine Fiduciary Investors Symposium, but he thinks that two years from now they’ll be looked back on as nothing more than a “speed bump” on a highway of growth and strong returns.

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