Telstra Super expands Charles River relationship

Source: Charles River

Charles River, today announced an expansion of its relationship with Australia's largest corporate super fund, Telstra Super.

The front- and middle-office investment management solutions specialist will provide Charles River Investment Management System Version 9 (Charles River IMS), to support a new fixed income desk, providing Telstra Super with direct control over its investments by bringing more of its funds management in-house.

Telstra Super manages over AUD$11billion for more than 100,000 members in Australia. According to John Eliopoulos, Head of Australian Equities, its relationship with Charles River, which began in 2008, allows Telstra Super to advance new business initiatives and introduce new instruments easily and efficiently.

"The flexibility and scalability of Charles River IMS meant we could expand our range of investment products, increase the amount of funds managed internally and reduce the administration expenses traditionally associated with multiple managers," Mr Eliopoulos said.
Telstra Super's use of Charles River IMS across its equity, fixed income and money market instruments provides numerous benefits to the fund, including:
• greater trading accuracy and efficiency
• expanded analytics, instrument coverage and reporting
• real-time pricing
• fully-integrated compliance throughout the entire trading lifecycle, and
• the ability to monitor the effects of proposed orders across multiple portfolios

"Charles River helps superannuation schemes like Telstra Super address the increased responsibilities required to transition fund management in-house," said Cameron Field, Managing Director, Asia-Pacific, Charles River. Field adds, "Charles River supports Telstra Super's new business initiatives by automating workflows, streamlining investment business processes and enabling it to take advantage of enhanced capabilities." 

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