Henderson Global Investors (HGI) has implemented Milestone Group’s pControl fund oversight solution across its range of mutual funds and investment trusts in the UK and Australia.
The solution has enabled HGI to automate the collection of fund valuation data and the subsequent execution of their independent, daily NAV price validations and controls, the technology vendorsaid.
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The scalability of the solution allowed HGI to incorporate newly acquired Australian funds into a global standard oversight model in a short timeframe, Milestone said in a statement.
HGI director of operations Graham Foggin said: "Our valuations team is now overseeing a large number of daily priced funds and share classes across several administrators and different global locations. We wanted to introduce common standards and apply a greater focus to the management of true exceptions.
"pControl has delivered the automation, speed and standardised validation approach we were looking for. The fact that our main third party administrator is also moving to pControl for NAV calculation brings additional benefits through the common end to end platform."
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