AUSTRALIA, 25 March 2024 – Qantas Super, an $8.9 billion Australian corporate superannuation fund, has partnered with Ortec Finance as an investment performance consultant and implemented its performance attribution platform, PEARL, to build on its performance and attribution capabilities.
Qantas Super completed the initial phase of implementation in September 2023, which enabled the fund to undertake its Plan attribution analysis and financial year end reporting using PEARL.
The objective of the partnership was to establish a consistent database of performance book-of-records and enhanced option-level attribution analysis and reporting. By integrating with ICS Athena EDM, an established partner of Ortec Finance and Qantas Super, PEARL is enabling Qantas Super to obtain the following:
- Improved performance and attribution capabilities
- Detailed analytics for investment performance
- Compliance and regulatory support
- Best practices and benchmarking
Qantas Super will also use Ortec Finance’s Investment Performance Managed Service through a strategic outsourcing arrangement. This will enable Qantas Super to focus on its strategic decision-making and core activities, while leaving the technical aspects to Ortec Finance’s in-house experts. This will result in improved accuracy, compliance adherence, and access to Ortec’s specialised expertise, enhancing Qantas Super’s ability to serve its members.
Dan Healey, Head of Investment Operations, Qantas Super commented: “The partnership with Ortec Finance has delivered the performance and attribution reporting we require via a robust, low-risk system solution. The team at Ortec have been highly engaged and a pleasure to work with throughout.”
Stefano Seung Jin Lee, Managing Director APAC, Ortec Finance, added: “We are delighted to have successfully hit this major milestone in implementing our first in the region PEARL – Investment Performance Service to Qantas Super. They are constantly evolving and increasing their complex performance and attribution requirements, so we are thrilled to be partnering with them to also provide ongoing consultancy and managed services. With Ortec Finance's expertise and support we are confident Qantas Super Investment can conduct a more detailed analysis at Asset Class and Investment Manager Level to achieve their long-term investment goals.’’
Ortec Finance is a leading provider of investment decision technology and solutions, with decades of experience in delivering innovative solutions to financial institutions worldwide and was recognised as one of the world's most innovative FinTech companies in 2023.
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For more information, please contact:
Stefano Lee
Ortec Finance
E: Stefano.Lee@ortec-finance.com
About Ortec Finance
Ortec Finance is the leading provider of technology and solutions for risk and return management. It is Ortec Finance’s purpose to enable people to manage the complexity of investment decisions.
This is accomplished via the delivery of leading technologies and solutions for investment decision-making to financial institutions around the world. Ortec Finance’s strength lies in an effective combination of advanced models, innovative technology, and in-depth market knowledge. This combination of skills and expertise supports investment professionals in achieving a better risk-return ratio and thus better results.
Headquartered in Rotterdam, The Netherlands, Ortec Finance has offices in Amsterdam, London, Toronto, Zurich, New York, Singapore and Melbourne. Ortec Finance helps 600+ clients manage their $15 trillion assets under management.
About Qantas Super
Qantas Super is one of Australia’s largest corporate super funds. It exists for people who are working for, or have worked for, the Qantas Group and their spouses. Qantas Super has been working for its members since 1939 and has over 26,000 members and approximately $8.9 billion in assets under management. For more information, visit www.qantassuper.com.au