PRESS RELEASE: Cbus chooses Ortec Finance’s PEARL software for performance measurement of investments

Rotterdam, Melbourne, September 2020

Australia’s Construction and Building Unions Superannuation (Cbus) has chosen Ortec Finance’s PEARL software to enhance performance measurement of its investment portfolio.

Cbus Super – the leading Industry Super Fund for the building, construction and allied industries - has about AUD 54bn of investments, making it a significant investor in the Australian economy. Cbus is a sophisticated global investor and manages 30% of their investments in-house.

PEARL will evaluate the impact of all of Cbus investment decisions - be they positive or negative, complex or simple - against its investment objectives and benchmarks. PEARL is used by leading superfunds in Australia and New Zealand as well around the world by comparable funds.

Elske van de Burgt, Managing Director Investment Performance: “We are extremely happy Cbus has chosen to partner with us. It again shows our strong match with the requirements of Australia’s superannuation regulatory framework and market challenges. PEARL allows takes a holistic view of all Cbus’s investments. Through relevant information about their investment results, in absolute terms and relative to market and benchmark, PEARL will deliver extra insights in the added value of each investment decision, allowing Cbus to automate processes and further enhance governance of information.”

Mengsha Gao, Manager, Investment Performance and Analytics: “We undertook a comprehensive RFP process and selected PEARL as our new Performance and Attribution system. PEARL specializes in assisting asset owners with measuring performance across multiple layers of decisions, and has a modern cloud-based technology platform. We expect PEARL to enhance the efficiency, automation, and customization of our performance calculations. This partnership will build on Cbus’ strong internal knowledge and capabilities that underpin the fund’s investment strategy. We’re very excited to start the journey with Ortec Finance and look forward to building the partnership together.”

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About Cbus

Cbus has the proud history of being Australia’s first industry fund. We were formed in 1984, when building and construction workers won the right to superannuation. Today, we’re the leading industry superfund for the building, construction and allied industries. Our members are the foundation and future of our fund. They trust us to invest wisely, provide insurance for financial protection during their working lives and create financial security for their retirement. We’re driven to maximise returns to them, and not profit to shareholders. Our products and services, our investment approach and our insurance are specifically tailored to our members and the environments in which they work. We invest our members’ retirement savings in different types of assets for the long term. We also invest directly in the building and construction industry through our wholly owned subsidiary, Cbus Property. This adds to the returns of our fund, creates jobs and contributes to the industry in which our members work.

Media Contacts:

For more information, please contact:
  • For Cbus, contact Tristan Douglas at +64 17 736 434
  • For Ortec Finance, contact Stefano Lee, Managing Director – Australia & New Zealand, +61 406 989 761
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