Financial services software provider SimCorp has released a new version of its Dimension investment management system, with two new modules covering over-the-counter instruments and securities lending and repurchase agreements.
The company, which announced the release of the new software package today, said the new automated processes were designed to improve the handling of counter-party exposure while reducing operational and market risk.
It said the new version would improve control and transparency in reconciliation processes by offering a new sales module that displays deviations between SimCorp Dimension transactions and information from external parties such as external managers or custodians.
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.