Hyperion buddy up with Calastone in Oz 20 June 2013Sydney Reporter: Jenna Jones
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Australian equities fund manager, Hyperion Asset Management, has joined Calastone’s global funds transaction network.
Hyperion is Calastone’s 81st Australian client. Their membership of Calastone automates the flows from participating platforms and custodians into Hyperion funds.
Hyperion Asset Management’s managing director, Tim Samway said: “Hyperion welcomes the automation of this manual process with the reduced risks and the increased levels of accuracy and timeliness it brings.”
“The immediate benefit to Hyperion clients is the provision of intraday cash flow reporting to the firm’s portfolio managers. The sooner we are apprised of large cash flows the sooner we can transact on behalf of our clients.”
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