POWERED BY MOMENTUM MEDIA
UBS global risk management system attracts first risk client
Industry super fund Professional Associations Super (PASL) is the first risk client to sign on to UBS global risk system.
UBS developed the system to provide tools and quantify risks across multi-asset portfolios in light of recent changes to regulatory requirements for Australian superannuation funds. These changes required trustees to provide a framework for risk measurement, assessment and reporting.
UBS developed a common risk measurement methodology which can be used across listed and unlisted assets such as property, infrastructure, private equity, commodities and hedge funds, rather than just listed assets.
It said its risk system supported investment decisions on over A$300 billion worth of investment portfolios, both internally at Global Asset Management and for external client portfolios.
Global clients using the system include US and European corporate pension plans, it said.
UBS Global Asset Management head for Australia and New Zealand Ben Heap said the system could help super funds meet their investment objectives and could add value to the decision-making process.
"Our long-standing track record of modelling traditional and alternative asset classes has attracted significant interest from other Australian industry funds," he said.
PASL chief investment officer Paul Kessell said PASL was pleased to join up with UBS as its key provider of risk measurement.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
A member body representing some prominent wealth managers is concerned super funds’ dominance is sidelining small companies in capital markets.
Earlier this month, several Australian superannuation funds fell victim to credential stuffing attacks, which saw a small number of members lose more than $500,000.
Small- to medium-sized funds have become collateral damage in an "imperfect" model for super industry levies, a financial institution has said.
Big business has joined the chorus of opposition against the proposed Division 296 tax.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
