POWERED BY MOMENTUM MEDIA
UniSuper adopts AIM software
UniSuper has implemented Bloomberg's Asset and Investment Manager (AIM) software to manage more than $5 billion in assets.
AIM is an open architecture Software as a Service package that provides solutions relating to strategy management, compliance, financing, trade settlement, portfolio analysis, order management and electronic trading, according to Bloomberg.
UniSuper fund initially adopted AIM in 2010 to launch an internal Australian equities portfolio with $200 million in seed money. Since then, the super fund has expanded its use of AIM to manage over $5 billion in assets covering equities, fixed interest, cash and real estate investment trusts.
UniSuper head of portfolio analysis and implementation Dharmendra Dayabhai said the fund put AIM in place within three months without losing any productivity.
"AIM … offered us an all-in-one solution for everything from market data to portfolio management to integration with a settlement provider. Bloomberg [also] had the industry expertise necessary to help us efficiently and quickly structure our order management procedures," Dayabhai said.
AIM is also used by UniSuper to oversee compliance and back-office issues relating to the $5 billion in assets under management.
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(%)
