Australian super fund State Super has tapped data, analytics and risk solutions provider Premialab for its portfolio management and risk solutions.
Premialab, which officially enters the Australian market this month, helps institutional clients – including pension funds, sovereign wealth funds and asset managers – to efficiently allocate assets, select strategies, and enhance portfolio returns while controlling risk, by leveraging its unique data set, provided by 18 investment banks around the world.
Premialab managing director and Australian head, Marc Fisher, said the firm offers something that is not currently available Down Under.
“Our platform can put the microscope over any fund, any product, any strategy and really understand at an atomic level whether that investment is delivering from a risk perspective, a fee perspective and a strategy perspective for that specific mandate.”
Premialab CEO Adrien Geliot said institutional investors were increasingly looking for greater data capabilities and more robust risk management processes, amid turbulent market conditions and a growing desire for real-time transparency. “We are delighted to be in Australia and partnering with State Super to deliver our unique capabilities to the Australian superannuation industry,” he said.
Alan Chan, senior investment manager at State Super, said the fund had chosen Premialab based upon their ability to deliver granular, actionable data in real time.
“State Super was established more than 100 years ago, and today we remain focused on ensuring we have the best systems in place to manage our members’ retirement savings in the safest, most efficient way possible,” Chan added.
Premialab’s multi-asset, multi-region platform processes 5 million data points daily on more than 4,000 investible systematic strategies, with clients assets under management (AUM) representing an estimated US$5 trillion.
Premialab Australia joins offices in Hong Kong, Paris, London, Stockholm and New York.
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