Milestone Group Seeks to Streamline Investing, Launches Institutional Asset Allocation Solution in APAC
Milestone Group, a global investment firm, has recently launched a new asset allocation solution in APAC that will allow institutions to handle asset allocation more efficiently. The solution provides regional asset allocators access to a comprehensive, efficient and customized cloud technology.
pControl™Asset Allocation addresses investment modelling and execution process needs by automating and unifying processes for different stakeholders. The solution was designed for high efficiency discretionary and algorithmic portfolio implementation, customised asset allocation models, and streamlined investment operations. As a data-driven solution, it provides a cost-effective enterprise platform, allowing institutions a better way to adapt as business conditions change. Now APAC-based asset allocators have access to multi-asset class capabilities, advanced rebalancing and exposure management functionality, third party administrators, sub-advisors and market data vendors via a cloud based managed service.
Historically, asset allocation has been a manual, disjointed and time-consuming process. In a recent survey, Milestone Group found that many institutional investors around the world still lack the technological capabilities to take up complex investment strategies. Most institutional investors who participated in the survey agreed that fund of fund investment strategies were becoming significantly more difficult to manage over time.
Milestone Group’s solution operates on a single, integrated platform. Now, investors will be able to leverage typicalproduct structures, shared data and process driven capabilities with pControl™ Fund Processing and Oversight, along with Backup NAV solutions. Executive Chairman of Milestone Group, Geoff Hodge stated that they developed these capabilities along with the world’s biggest asset allocators to bring the best digital solutions. “We’re focused on ……delivering digital solutions that change what is possible, and often, how organisations think about what they can achieve with modern technology in a changing world.”
How important will this be in the long run?
There is an increasing demand among superannuation and pension funds for enterprise-based technologies that facilitate the management of asset allocation parameters. These days, most solutions do not support the current complex product and multi-portfolio fund of fund structure, or the complex product-led asset allocation decision making processes. This becomes more evident when we talk about real time monitoring and modeling operations. APAC asset allocators deal with constant cost pressures, so it’s essential they drive investment return as effectively as possible in real time. This new tool allows them to do that and much more, so it is likely going to become the go-to solution for many institutions.