Global investment fintech firm Milestone Group has launched its institutional asset solution in the Asia-Pacific (APAC).
Designed for customised asset allocation models, high efficiency discretionary and algorithmic portfolio implementation, the pControl Asset Allocation addressed the investment modelling and execution process needs of institutional asset allocators, and to automate and unify processes for the various stakeholders.
It would provide regional asset allocators like Australian superannuation funds, sovereign pension funds, life companies, implemented investment and wealth providers with access to a comprehensive and efficient tailored cloud solution.
APAC-based asset allocators would be able to access to multi-asset class capabilities, advanced rebalancing and exposure management functionality third party administrators, sub-advisers and market data vendors via a cloud based managed service.
Marian Azer, Milestone Group’s managing director for APAC, said within the Asia Pacific, portfolio management technology was being driven by an insourcing trend among top superannuation and pension funds.
“There is a growing demand from Australian superannuation funds, of all sizes and complexities, for an enterprise-based technology to manage daily asset allocation parameters and to be able to effectively model, monitor and transact in near real time,” Azer said.
“Most solutions cannot fully support the increasingly complex product and multi-portfolio fund of fund structure and complex product-led asset allocation decision making activities – from modelling, pre-trade compliance, cash forecasting, to execution.
“We know APAC asset allocators face continued return and cost pressure, highlighting the importance of driving investment returns by being able to deploy effective real time dynamic asset allocation decision making. This solution enables them to do just that.”