DST International (DSTi), the global provider of asset management and workflow solutions, has launched HiPortfolio/3, the latest product in its back-office suite. DSTi invested over $20 million and more than 20 000 working days in the new product stream to offer increased stability, ease of use and efficiency benefits to its customers.
HiPortfolio is already the market leading investment accounting solution and is currently used by over 250 asset management firms worldwide.
HiPortfolio/3 is a multi-faceted solution with a wide range of functions for the investment manager and administrator. It supports a comprehensive range of investment instruments and is used by many different types of investment organisations globally.
This new phase of the HiPortfolio lifecycle meets a demand from portfolio managers for more open access to their data, and delivers a robust and scalable data architecture to allow them to create better reports for their clients and distribute them via new channels.
"DSTi has developed the new update in a low-risk manner for its users, changing the architecture without having to rewrite the core functions of multi-accuracy investment accounting and trade processing," says Marisa Bellini, director at DST International South Africa. "New features include Web-based reporting, a new database for increased scalability and an enhanced GUI for the screens."
HiPortfolio is particularly favoured by asset management firms that run open-ended investment companies (OEICS), unit trusts and hedge funds. These instruments require complex unit pricing in real-time, one of HiPortfolio/3`s core strengths. It uses Faircom`s C-Tree database rather than Pervasive B-trieve database to help provide this openness and enable easier retrieval of data into management reports.
Mike Winn, group MD of DST International, comments: "HiPortfolio/3 provides the ultimate solution for portfolio managers, enabling them to present reports to institutional and corporate clients. The response from DST International`s existing clients has been very positive and we have hired an additional 45 people in our UK headquarters alone in anticipation of continued growth because of this and other developments in the company."
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With 14 offices and almost 1 000 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and work management software solutions to over 550 clients in 44 countries. Its parent company DST Systems Inc, services nearly 8 000 mutual funds and over 78 million accounts with 2001 revenues of $1.66 billion.
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