Milestone Group, provider of managed technology solutions globally for the investment management industry, today announced that Artemis Investment Management LLP (Artemis) has gone live with pControl Oversight across its unit trusts, OEICs, investment trusts and venture capital trusts.

As Artemis’ product range has continued to evolve, the number and complexity of its fund structures has increased. Artemis has chosen Milestone’s technology to introduce a greater degree of automation of its oversight activities.

pControl Oversight has enabled Artemis to enhance its oversight of its third-party administrator in relation to daily fund pricing. The system allows a large volume of data to be processed and checked in a more efficient manner, via an automated, standardised and scalable process across Artemis’ range of funds.

Paul Roberts, Managing Director of Milestone Group in EMEA, added: “We are delighted to welcome Artemis to our growing client community who are establishing oversight best practice in their retained operations. Having one fully automated system for oversight is a critical capability for firms as they seek to meet regulatory requirements in an efficient and scalable way.

“Milestone Group’s clients continue to benefit from our commitment and ongoing investment in providing the market leading oversight solution. Through our latest release, Artemis are able to take advantage of an extended library of oversight validations available as well as our proprietary Back-up NAV methodology.”