Iress selected by Quest Asset Partners to automate portfolio management

By Edil Corneille

Melbourne-based Iress announced today the selection of its Portfolio System by Quest Asset Partners. The system is expected to support greater efficiency and transparency in Quest’s approach to portfolio management. Established in 2004, Quest specialises in high-conviction Australian equity funds, with clients ranging from large institutions to sophisticated investors. The launch of a fourth fund in May – a new long/ short fund – introduced the need for a more scalable solution to its operations and in the management of portfolios.

Quest Asset Partners founding director, Chris Cahill apprised, “We’ve been a client of Iress’ trading and market data software since we started the firm, however we are now well into our second decade as a business. We wished to raise the bar with a more comprehensive solution than our current processes for managing portfolios. We needed to automate our compliance function and take the risks associated with human error out of the process as much as possible. Iress’ Portfolio System has delivered that for us.

“The Iress team has been very responsive and patient in helping us get up and running in the best way possible. Despite the restrictions of COVID-19 we were able to fully implement the system, and conduct team training, while operating remotely. It’s been a great experience.”

Iress’ Portfolio System helps fund managers with simple portfolios to multi-currency, multi-asset offerings. The system makes it easy to construct, review, analyse and configure client portfolios while staying across administration, performance analysis, tax impacts and risk controls. The seamless integration with Iress’ Order System also means fund managers have all the tools to easily manage the end-to-end investment process for clients.

Iress’ managing director of financial markets for Australia and New Zealand, Kirsty Gross enthused, “We’re delighted to strengthen our partnership with Quest Asset Partners as a highly respected name in the funds management industry. We’ve been pleased to help them achieve enhanced operational efficiency and stronger compliance and risk management.”