DST Global Solutions upgrades investment management solution

In the latest enhancement to its investment management solution, DST Global Solutions (DST GS) has announced the launch of HiPortfolio 3v10.

DST GS said the upgraded version of the investment accounting and asset servicing solution reduces costs and increases operational efficiency with its improvements in derivatives processing, reconciliation and unit pricing.

The HiPortfolio upgrade now provides capability for total return swaps and contracts for difference. According to the company, the upgrades extend the current strategy to leverage existing systems within a client’s operations, with HiPortfolio focused on the areas of cashflows, resets, corporate actions and investment accounting.

The improvements made to reconciliation allow investment managers to meet diverse sets of business process, including foreign exchange reconciliation, as well as the ability to trigger email alerts, the company stated.

“Support for derivatives and reconciliation processing as well as regional tax and market practice requirements, can help firms balance the need for innovation with the operational efficiency of a single post-trade environment,” said TowerGroup research director, capital markets Gert Raeves.

Enhancements made to unit pricing have been focused on streamlining the operational process by providing more configuration in the production of attribution reports, DST GS stated. Specific enhancements for clients who need sophisticated processing requirements associated with the Tax of Financial Arrangements and the National Association of Insurance Commissioners have also been added to the solution.

DST GS said HiPortfolio 3v10 is currently available to existing clients, with upgrades expected by the fourth quarter of 2011.