Caledonia Investments signs to update its existing HiPortfolio investment accounting solution
- 20 August, 2008 10:51
<p>Sydney, 20 August 2008 – Caledonia Investments Pty Limited (Caledonia), a boutique Australian investment manager, today confirmed that it will move to the latest version of the DST International (DSTi) global investment accounting solution, HiPortfolio for its Australian operations.</p>
<p>Caledonia manages approximately A$3.0 billion FUM as at 31 December 2007 for a select group of high net worth investors. Established in 1992, Caledonia selected its first solution from DSTi in 1993 and today remains one of the longest term proponents of the HiPortfolio investment management solution.</p>
<p>The latest version of HiPortfolio provides highly robust and scalable end-to-end capabilities and functionality designed to benefit companies of all sizes.</p>
<p>Mr. Ian Mathieson, CEO of DSTi in Australia and New Zealand, said, “We are pleased that Caledonia elected to remain with the DSTi solution. HiPortfolio is certainly suitable for deployment in investment organisations of varying sizes as it still provides the tools to deliver the same high quality control over asset and fund administration activities for large or small organisations.”</p>
<p>DSTi is a leader in business solutions for the investment management industry, with its HiPortfolio solution being installed in over 550 retail and institutional investment management sites worldwide.</p>
<p>About Caledonia Investments Pty Limited
Caledonia Investments was established in 1992 to manage the equity portfolio interests of the owners and managers of the business, together with their families. In 1998 Caledonia (Private) Investments Pty Limited was created to offer additional equity portfolio investment services to a wider selection of families and individuals. The combined group manages approximately A$3.0 billion, for almost four hundred investors.
<p>About DST International (DSTi)
With 21 offices and over 1700 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 700 clients in 55 countries.
About DST Systems, Inc.
DST Systems, Inc. provides sophisticated information processing and computer software products and services to support the mutual fund, investment management, insurance and healthcare industries. In addition to technology products and services, DST provides integrated print and electronic statement and billing output solutions through a wholly owned subsidiary. DST’s world-class data centers provide technology infrastructure support for mutual fund companies, healthcare providers, banks, mortgage bankers and insurance companies around the globe. DST is headquartered in Kansas City, Missouri, and is a publicly traded company on the New York Stock Exchange.</p>
<p>The information and comments above may include forward-looking statements respecting DST International Limited and its businesses. Such information and comments are based on DSTi’s views as of today, and actual actions or results could differ. There could be a number of factors affecting future actions or results, including those set forth in DSTi’s latest periodic financial report (Form 10-K or 10-Q) filed with the Securities and Exchange Commission. All such factors should be considered in evaluating any forward-looking comment. The Company will not update any forward-looking statements in this press release to reflect future events.</p>
<p>For further information please contact:
Cathryn van der Walt
0402 327 633