Australian wholesale funds manager QIC has gone live with Eagle Investment Systems' data hub and Web-based portfolio management software, Pace.
Eagle says its Pace system features performance measurement and attribution functions as well as drill-down reporting and data monitoring.
The product enables financial firms to extract, scrub, enrich and store investment data from unlimited sources into one data repository. The system also provides access to industry interfaces from trading, pricing, analytics, custodial and accounting systems.
Eagle Pace replaces QIC's internally developed systems that store and report on investment data. Doug McTaggart, chief executive of QIC, says: "Our key objective was to replace QIC's existing data repository with an easy-to-manage system that helps expand our business."
QIC says Eagle was chosen for its ability to handle disparate data sources - including custodian, benchmark and unit trust data. The product has allowed QIC to build entities within a single data repository that will support reporting at client, asset class or product level.
McTaggart adds that the sysem allows QIC to modify its business model without compromising QA processes already in place.
The implementation was managed by investment management consultancy Citisoft.