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.