Australian Infrastructure Investment Manager RARE has enlisted the services of Calastone, a global transaction network for the funds industry, to automate its global funds transactions.

Calastone’s single-to-many cross border fund service automates the flow from participating platforms and custodians into RARE’s global fund range registered across Australia, the US, Canada as well as in the UK, Ireland, Netherlands, Cyprus and Switzerland, Calastone said in a statement.

Calastone helps clients connect to their distributors via the Calastone community, utilising automated messaging service that provides further efficiency to fund transactions, while reducing costs and risk, said Peter Hermans, European sales and business development director at Calastone.

Kate Hudson, head of institutional business at RARE UK and Europe said global automation is expected to help its existing and future clients reduce risk and improve efficiency.