Portfolio solutions

Asset owners face many challenges when looking to implement change in their externally managed portfolios. These changes need to be implemented efficiently, quickly and cost effectively in order to capture the investment returns predicating the change. Transition management is a trading and risk management service that is provided to enable efficient and cost effective changes to underlying externally managed portfolios.

Macquarie Securities offers asset owners a comprehensive transition management service built on our platform's global reach and long standing relationships with the world's premier investment managers. Macquarie's highly experienced team will coordinate all aspects of the transition from planning and stakeholder management, through execution and settlement. Our implementation process is designed to not only minimise market impact but also mitigate the opportunity and administrative costs associated with asset reallocation. Utilising our leading edge transition system, PILOT, to deliver precise and highly predictable results, we provide clients with a fully transparent and risk managed process to facilitate change within their portfolios.

Asset owners are also looking to manage change within their portfolios all through their investment cycle and not just at times of major manager or asset allocation changes. The Portfolio Solutions team provides innovative and flexible trading and risk solutions to enable these changes:

• The Portfolio Solutions team provides services for institutional investors who require interim management of their assets to cover periods between the termination of a manager and the appointment of a new manager in that asset class or another. Macquarie is able to provide replicated, optimised or synthetic structures to ensure that each portfolio is consistently targeting its appropriate benchmark
• For clients transitioning between benchmarks or managing TAA or DAA programs, we provide solutions through managed overlay programs to cost effectively deliver results using listed or OTC derivatives
• Trading and interim management programs can be combined to create solutions allowing asset clients to manage exposures surrounding planned cashflows into or out of the fund.