Skip to main content
Home
Logo -BNY

Primary menu

  • Solutions
    • pControl Solutions
    • Asset Allocation
    • Oversight
    • Fund Processing
  • About Us
    • About Milestone Group
    • Why Milestone Group
    • Governance
    • Clients
    • Community
  • News & Resources
    • Press Releases
    • Media
    • Events
    • Whitepapers & Resources
    • Market Insights
    • Case Studies
  • Contact Us

Breadcrumb

  1. Home
  2. Press releases
  3. Curo helps old mutual multi managers enhance integrity its process and pricing its

Curo helps Old Mutual Multi-Managers enhance the integrity of its process and pricing of its investment portfolio

Fund administrator Curo Fund Services (“Curo”) has further enhanced the transparency and efficiency in the pricing of investment layers within its multi-managed portfolios for its client, Old Mutual Multi-Managers. This follows Curo’s deployment of Milestone Group’s pControl platform, which is part of an investment programme to deliver market-leading administration services to multi-manager, unit trust and life company clients.
19 June 2014

London

According to Paul Roberts, Managing Director EMEA of Milestone Group: “Competitive market conditions across South Africa have driven an increased focus on integrity and transparency, which has triggered firms and their service providers to look for automated solutions.”

“In a first for the South African market, pControl removes manual processes, which enables Curo to support the likes of Old Mutual Multi-Managers in offering complex investment structures while at the same time providing greater visibility across the business,” says Hank Pienaar, Managing Director of Curo. “This deployment is a significant step in dealing with one of the key challenges typically faced by multi-managers – ensuring the integrity and transparency of the various investment layers or ‘building blocks’ within a product portfolio.”

The implementation of pControl has enabled Curo to deliver more efficient and flexible administration service across a number of complex processes such as net-asset-value (NAV) unit pricing, cash allocation and rebalancing, unitised order management and income distribution. pControl’s integrated reconciliation, accounting and data manager capabilities also allow Curo to provide increased end-to-end process transparency to Old Mutual Multi-Managers.

Russel Julie, Chief Operating Officer (COO) of Old Mutual Multi-Managers added:

This allows us to further enhance our service to clients. In a traditional multi-manager portfolio administration system, inconsistencies are only detected after you’ve run through an entire day’s pricing. This may necessitate a complete rework, which could result in significant delays. pControl differentiates itself by following a sequenced validation approach for processing transactions and pricing of multi-managed portfolios. This means interventions are possible at each validation point, so we’re able to resolve inconsistencies earlier. It further speeds up the overall process in producing an output with the required level of integrity at first pass. ”

Since Old Mutual Multi-Manager’s clients are primarily large retirement funds who have direct access to its product portfolios, they will benefit directly from Curo’s professional asset administration services.

“pControl has provided Curo’s multi-manager clients with numerous benefits since going live in 2013. We look forward to supporting Curo in their future growth,” concludes Roberts.

About Curo
Curo Fund Services is a South African investment administration services company providing a comprehensive range of professional investment administration services to institutional asset management clients in Southern Africa and Europe, with ZAR 1.7 trillion of assets under administration.

About Old Mutual Multi-Manager
With the merger of the SYm|mETRY Multi-Manager (SYm|mETRY) and Acsis investment teams in 2013, a new multi-management business had been created with over R90 billion of assets under management. This multi-management capability is called Old Mutual Multi-Managers. Old Mutual Multi-Managers focuses on multi-management, undertaking extensive manager research, portfolio construction and investment services. From an administrative perspective, the business provides administration of SYm|mETRY and Acsis clients’ investment strategies for both standalone platform clients and for clients within SYm|mETRY or Acsis portfolio

Back to List

Related product

  • Asset Allocation
Logo - BNY update

Secondary Menu

  • SOLUTIONS
    • pControl Solutions
    • Asset Allocation
    • Oversight
    • Fund Processing
  • ABOUT US
    • About Milestone Group
    • Why Milestone Group
    • Governance
    • Clients
    • Community
  • NEWS & RESOURCES
    • Press Releases
    • Media
    • Events
    • Whitepapers & Resources
    • Market Insights
    • Case Studies
  • CONTACT US
    • Connect with us
    • Follow Us

Tertiary Menu

  • Privacy Policy
  • Cookie Policy
  • Preferences
  • Unsubscribe
  • Sitemap

Copyright © 2025. Content on this site is the intellectual property of Milestone Group.
pControl™, pControl SmartSourcing™, pControl FairValue Control™, and NAV Protect™ are registered trademarks of Milestone Group Pty Limited.