Eagle Investment Systems LLC, a BNY Mellon company, today announced that QIC Ltd is live using Eagle’s enterprise data management and performance and attribution solutions, hosted on Eagle ACCESSSM, a secure private cloud.
QIC, the investment fund for the Queensland government with over A$81 billion in AUM (as at 31 March 2017), selected Eagle as part of an operational transformation project to improve the transparency, quality, and ownership of its investment data. QIC, which had outsourced its data management and performance measurement functions to a global custodian, sought to supplement the outsourced services and reduce internal IT costs associated with maintaining its own proprietary technology infrastructure. QIC turned to Eagle to provide a data management and performance measurement solution to enable advanced performance reporting, returns and exposure analysis.
“We are quickly realising the benefits of using Eagle,” said Mark McDonald, Executive Director at QIC. “In addition to improving the integrity of our data and instilling more flexibility in our performance reporting function, we have achieved greater efficiency and the ability to support the growth of our alternative assets business. We are also now able to automate a number of complex calculations that were previously handled manually using spreadsheets.”
QIC’s performance function supports all asset classes, including fixed income, equities, global strategies, real estate, private equity, infrastructure investments and derivatives. The new performance solution also includes a number of customised configurations to meet complex requirements and methodologies for reporting on international investments, as well as supporting multi-sector contribution and multi-level performance reporting.
“We are delighted that QIC has implemented Eagle Data Management and Performance,” said John Legrand, Managing Director for Eagle in EMEA and APAC. “We are working with a growing number of asset owners in Australia that are looking to improve efficiency and assume greater control over their assets, as they grow and diversify their product ranges. We look forward to further developing our relationship with QIC as they continue to refine and optimise their operational model to achieve greater efficiencies.”