Henderson goes live with Milestone solution
16 March 2016 London
Image: Shutterstock
Henderson Global Investors has gone live with Milestone Group’s pControl Fund Oversight solution for its range of mutual funds and investment trusts.
The solution is intended to help Henderson to automate fund valuation data and with the execution of its independent daily net asset value (NAV) price allocations and controls.
According to Henderson, the mandate follows a spate of growth that has seen the firm managing an increasing number of complex fund structures across multiple jurisdictions, all requiring different controls.
The Milestone solution will allow standardization of controls across third-party administrators, allowing for more growth, and to respond to additional regulatory demands. Additionally, the scalability of the solution means newly-acquired Australian funds can be incorporated quickly.
Graham Foggin, director of operations at Henderson Global Investors, said: “Our valuations team is now overseeing a large number of daily priced funds and share classes across several administrators and different global locations. We wanted to introduce common standards and apply a greater focus to the management of true exceptions.”
“pControl has delivered the automation, speed and standardised validation approach we were looking for. The fact that our main third party administrator is also moving to pControl for NAV calculation brings additional benefits through the common end to end platform.”
Paul Roberts, managing director of Milestone Group in Europe, the Middle East and Africa, added: “Continued regulatory focus on transparency has triggered asset managers to search for a more robust solution to fund oversight.”
“With Henderson Global Investors experiencing an exciting period of growth, it has recognised the importance of having technology that complements its ambitions. As a result, the firm can focus on managing future business goals, rather than just running laborious checks.”
The solution is intended to help Henderson to automate fund valuation data and with the execution of its independent daily net asset value (NAV) price allocations and controls.
According to Henderson, the mandate follows a spate of growth that has seen the firm managing an increasing number of complex fund structures across multiple jurisdictions, all requiring different controls.
The Milestone solution will allow standardization of controls across third-party administrators, allowing for more growth, and to respond to additional regulatory demands. Additionally, the scalability of the solution means newly-acquired Australian funds can be incorporated quickly.
Graham Foggin, director of operations at Henderson Global Investors, said: “Our valuations team is now overseeing a large number of daily priced funds and share classes across several administrators and different global locations. We wanted to introduce common standards and apply a greater focus to the management of true exceptions.”
“pControl has delivered the automation, speed and standardised validation approach we were looking for. The fact that our main third party administrator is also moving to pControl for NAV calculation brings additional benefits through the common end to end platform.”
Paul Roberts, managing director of Milestone Group in Europe, the Middle East and Africa, added: “Continued regulatory focus on transparency has triggered asset managers to search for a more robust solution to fund oversight.”
“With Henderson Global Investors experiencing an exciting period of growth, it has recognised the importance of having technology that complements its ambitions. As a result, the firm can focus on managing future business goals, rather than just running laborious checks.”
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