There is an increasing number of asset management, consulting and specialized firms performing outsourced services, including discretionary asset allocation, investment manager selection and implementation for institutional investors. As the OCIO model continues to gain momentum among institutional investors and AUM grows, there is now more focus on the efficiency of internal operations. Milestone Group’s pControl platform automates and enables tight controls over each aspect of the business, reducing operational risk as a result.
Steve Charlton, head of NEPC’s discretionary business, said: “pControl allows us to shift a range of key functions for our business onto a single platform, streamlining and simplifying decision support, fund trading and compliance capabilities with the scale and flexibility to support our business. Of the multiple systems reviewed, we felt Milestone Group’s was the best fit to support us for the long term.”
Robert Caporale, Managing Director and Head of North America at Milestone Group, said: “Milestone Group has been providing a broad set of operational solutions to our investment management clients for many years. The industrial strength of our platform offers OCIO managers the same advantages institutional clients have come to know and expect. We’re looking forward to working with NEPC in support of its growing discretionary services business and continuing to build on our successful relationship with them in the future.”