SPAIN - Santander Central Hispano Asset Management, Spain's largest fund manager, has gone live on HiInvest, a fund management and order generation system from solution provider, DST International. Santander, which has E61.2bn under management, has replaced fund managers' spreadsheets, which were used for managing and rebalancing the portfolios and trade processing. HiInvest is fully integrated with Santander's back office system, providing a more robust link between the trading processand settlement functions.
Santander is DST’s first Spanish client. The firm is also looking to enhance the balancing algorithms in HiInvest to accommodate the fixed income portfolio modelling needs of fund managers.
A suite of liability driven investment (LDI) indices has been launched by STOXX and RiskFirst to aid trustees and consultants select, monitor and challenge managers.
British Airways and the trustees of one of its pension schemes are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue
Bank of England governor Mark Carney has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.
Savers are not squandering their tax-free lump sums under Freedom and Choice but are taking a more cautious approach to retirement, according to Prudential research.