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.