Telstra Super moves fixed income management in-house
Big corporate superannuation fund Telstra Super has continued to move its funds management in-house with the creation of a new fixed income desk.
The move has been supported by Charles River, a US-based investment management specialist that has been working with Telstra Super since 2008.
Telstra Super head of Australian equities John Eliopoulos said the Charles River Investment Management System (IMS) would allow the fund to expand its range of investment products, increase the amount of funds managed internally and reduce administration expenses.
The corporate fund will also benefit from real-time pricing, greater trading accuracy, expanded analytics, and fully integrated compliance, said Eliopoulos.
Charles River Asia-Pacific managing director Cameron Field said the IMS would allow Telstra Super to automate its workflows and "address the increased responsibilities required to transition funds management in-house".
Telstra Super manages over $11 billion and has in excess of 100,000 members.
