For portfolio managers responsible for managing asset allocations, Discretionary Portfolio Management provides a complete view of a client's investment plans or accounts, or a pension fund's asset allocation model, allowing the portfolio manager to manage the asset allocations and rebalancing on a discretionary basis.
Capabilities for Outsourced CIOs
For asset manager organizations who are managing client investments under a delegated authority, Discretionary Portfolio Management provides an at-a-glance view of:
- Client plans or accounts that are out of target, outside of tolerance and within target.
- Asset allocations where classification of asset classes, sub-asset classes and investment categories can be defined.
- Proposed orders that pControl has calculated to bring the plan back to policy targets.
This delivers efficiency in maintaining compliance to Investor Policy Statement (IPS) or Investment Management Agreement (IMA).
Capabilities for CIO Operations
For asset owner organizations and pension funds who undertake in-house asset allocation modelling and execution, Discretionary Portfolio Management allows asset allocators to manage the overall target allocation model both to strategic policy targets and within tactical asset allocation ranges.
Discretionary Portfolio Management is fully integrated with Cash Allocation & Rebalancing allowing portfolio managers to:
- Choose to authorize the propose allocations and orders that pControl has pre-calculated to bring the plan back to target
- Choose to model alternative propose allocations and orders at their discretion
- View all liquidity terms for individual investments
- Override investment allocations by entering new proposed weights or new proposed allocations
Once proposed orders are approved, these become actual orders and their life-cycle of placement, confirmation and settlement is managed via Order Management. Similarly, the system manages the instruction and notification of Cash Settlement Instructions for segregated mandate portfolios or separately managed accounts (SMAs).
Where portfolio managers wish to model new investment allocations, Discretionary Portfolio Management applies compliance rules to the modeled allocations and investment transactions. Once compliance checks have passed, portfolio managers can only then approve these newly modeled orders.
All compliance notifications are visible both via Discretionary Portfolio Management status dashboard as well as via the Attention Status Monitor dashboard.
Dealing & Liquidity Terms
Discretionary Portfolio Management provides users visibility of all dealing and liquidity terms necessary to manage unlisted fund transactions covering mutual funds, hedge funds, fund of funds, fund of hedge funds and private equity.
See Asset Coverage to find out more.
Service Level Aware
All pControl solutions are Service Level Aware and can internally monitor and escalate late running events such as late data arrival, and late override / approvals and final release within operational cut-offs and processing calendars.
Investment operations teams can monitor Service Level compliance through the Attention Status Monitor dashboard to provide real-time exception monitoring and aging for any activity with critical completion or Service Level Agreement deadlines.