UK asset manager Barclays Global Investors (BGI) has become the fourth firm to go live on Swift's automated managed funds processing solution in Australia, with the financial messaging network provider anticipating more new clients in the coming months.
The solution automates and standardises fund processes previously conducted by fax, including applications, redemption, confirmation and reporting. It can process standard managed funds, including all BGI's managed, venture capital and private equity funds, but providers have yet to use it for the latter ...