The $300 billion profit-to-member fund has linked up with Oxford Properties for a portfolio of high-quality European industrial and logistics assets that it wants to expand significantly over the next three to five years.
Australia’s megafunds are looking to international asset owners for ideas on how to invest what will soon be trillions in retirement savings. But banks – with their sharp focus on efficient implementation and balance sheet management – could also be a source of inspiration.
Henderson consolidates admin with pControl installation
Henderson Global Investors has gone live with Milestone Group’s ‘pControl Fund Oversight’ system across its range of mutual funds and investment trusts. The installation has also allowed a consolidation of admin services by the big manager.
According to Milestone, the solution has enabled Henderson to automate the collection of fund valuation data and the subsequent execution of its independent daily NAV price validations and controls.
“Recent growth has left Henderson managing an increasing number of complex fund structures across multiple administrators, each requiring different controls,” Milestone said last week. “While strong internal processes and in-house expertise were already in place, Henderson wanted to standardise controls across the various third-party administrators to enable growth and respond to increasing complexity and regulatory demands. The scalability of the solution allowed it to incorporate newly acquired Australian funds into a global standard oversight model in a short timeframe.”
Henderson has expanded rapidly in Australia, primarily through acquisitions, broadening its offering to Aussie equities and fixed interest management on top of its global strategies run from London head office.
Graham Foggin, director of operations at Henderson, 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.”
