HESTA has selected GoldenSource’s investment data management platform to support strategic investment decisions and the selective insourcing of funds management.
The Australian superannuation fund will use GoldenSource Nexus as the hub for its strategic investment data transformation programme.
The infrastructure supported by GoldenSource OnDemand hosting and applications services is set to enable HESTA to focus on managing more investment in-house, delivering improved investment decisions and reporting, using a greater variety of data sources.
Additionally, the new investment data management service will bring together the data from HESTA’s middle- and back-office services and investment consulting providers, as well as its external fund managers and multiple market data and internal sources.
Key features such as management of complex fund structures and drill through and look through capabilities will support asset allocation decision-making, portfolio/fund sector analysis, portfolio risk management, performance attribution reporting, expense management, reconciliations, NAV oversight and board reporting.
Gerard Brown, executive investment execution at HESTA, said: “We look forward to working with GoldenSource to help us deliver outstanding execution and real-time data to support investment decision making. We are growing rapidly and need a scalable system to provide timely data insights. Selecting GoldenSource is the first step in transforming and futureproofing our entire data infrastructure that helps to deliver strong, long-term investment performance for HESTA members.”
John Eley, CEO at GoldenSource, commented: “Due to increased regulatory pressure and an industry-wide drive for automation and efficiency we are seeing a significant rise in the number of superannuation and investment funds looking for a full data management platform as a service, fit to support their growth and maturity. We are pleased to be working with HESTA to support them through their strategic transformation.”
The GoldenSource Nexus investment data management platform allows buy-side firms to benefit from a single platform of interlinked datasets for all market, reference and reporting data.
