POWERED BY MOMENTUM MEDIA
UBS global risk management system attracts first risk client
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.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
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.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
