Key Takeaways
- • AustralianSuper has implemented a new whole-of-fund investment book of record, consolidating positions, transactions, exposures and portfolio structures into a single record for its A$438 billion (US$307.07 billion) portfolio.
- • The platform is built on FINBOURNE Technology's LUSID system and is configured to the fund's investment approach, with the ability to adapt as requirements evolve.
- • The fund says the system will give investment teams a consistent, intraday view of the portfolio, reduce duplicated work and manual data reconciliation, and strengthen governance and performance analysis.
- • Senior director of operating model Andrew Byron described the move as "a really groundbreaking move forward" that will give the global investment team a "distinct market advantage."
- • The investment comes as the fund expands its global operations and serves more than 3.8 million members across more than 500,000 businesses.
Summary
AustralianSuper has implemented a new investment data system designed to provide a unified view of the superannuation fund's total portfolio, according to CIO. The fund manages A$438 billion (approximately US$307.07 billion) and is expanding its global operations, which prompted the upgrade to its data infrastructure.
The new whole-of-fund investment book of record consolidates information on investment positions, transactions, exposures and portfolio structures into a single record. The arrangement is intended to give investment teams a more consistent view of the portfolio throughout the day, allowing them to assess opportunities and risks across the fund in a more timely manner.
The system is built on FINBOURNE Technology's LUSID platform, which has been configured to support AustralianSuper's investment approach and to adapt as its portfolio and operational requirements change. The fund says the new operating model is intended to reduce duplicated work and manual data reconciliation, so investment staff can spend less time consolidating information and more time analysing it. The platform also provides a foundation for greater automation and analytics, allowing new capabilities to be introduced without creating separate data sources.
Senior director of operating model Andrew Byron said the platform would help the fund operate more efficiently as it grows. He called the move "a really groundbreaking move forward for the fund" that would give the global investment team a "distinct market advantage," and described it as "a really important step in strengthening how we manage investments on behalf of members." The fund expects the common data record to strengthen governance and performance analysis and improve the consistency of information used across its operations.
AustralianSuper manages retirement savings for more than 3.8 million members across more than 500,000 businesses.
The new whole-of-fund investment book of record consolidates information on investment positions, transactions, exposures and portfolio structures into a single record. The arrangement is intended to give investment teams a more consistent view of the portfolio throughout the day, allowing them to assess opportunities and risks across the fund in a more timely manner.
The system is built on FINBOURNE Technology's LUSID platform, which has been configured to support AustralianSuper's investment approach and to adapt as its portfolio and operational requirements change. The fund says the new operating model is intended to reduce duplicated work and manual data reconciliation, so investment staff can spend less time consolidating information and more time analysing it. The platform also provides a foundation for greater automation and analytics, allowing new capabilities to be introduced without creating separate data sources.
Senior director of operating model Andrew Byron said the platform would help the fund operate more efficiently as it grows. He called the move "a really groundbreaking move forward for the fund" that would give the global investment team a "distinct market advantage," and described it as "a really important step in strengthening how we manage investments on behalf of members." The fund expects the common data record to strengthen governance and performance analysis and improve the consistency of information used across its operations.
AustralianSuper manages retirement savings for more than 3.8 million members across more than 500,000 businesses.
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