POWERED BY MOMENTUM MEDIA
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.
Recommended for you
The Federal Court has ordered AustralianSuper to pay $27 million for failures to address multiple member accounts.
The country’s fourth-largest fund is targeting the “missing middle” of members with a new digital advice service in partnership with Ignition Advice.
The prudential regulator confirmed it is considering BUSSQ’s Federal Court appeal.
The Albanese government has put forward a bold proposal to tackle the challenges of Australia’s swelling retirement pool, in an effort to allow superannuation funds to play a more active role in shaping members’ retirement outcomes.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
32.68 3 y p.a(%)
2
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.78 3 y p.a(%)
3
Spire Oaktree Opportunities XI First Close USD
31.36 3 y p.a(%)
4
Global X GlobalX FANG+ ETF
30.80 3 y p.a(%)
5
Fidante Credit Suisse Global Private Equity
28.31 3 y p.a(%)
