Hedge Funds Cope With Compliance
Hedge funds are challenged with navigating global regulations, meeting and managing investor expectations and their own search for performance across disparate global markets and increasingly complex trading environments.
“Historically, hedge funds did not have the same requirement as traditional funds to report on their investment activity but under the new regulatory framework that is changing,” said Gary Brackenridge, global head of hedge funds business line for Linedata. “The search for performance continues and the right technology provider offers innovative technology and expertise to support multi-instrument, multi-currency, and multi-jurisdiction capabilities.”
Linedata’s Compliance Managed Service was developed to address the complexity of global hedge fund regulations by incorporating comprehensive rule monitoring across different geographies and jurisdictions.
“In creating Linedata’s Compliance Managed Service, we have responded to client’s input and created a fully managed dynamic monitoring service that gives high-level easy access to hedge fund regulatory expertise,” said Breckenridge. “It complements our existing hedge fund platform Linedata Global Hedge, and we continue to develop the number of regulatory rules included in the service; currently we monitor and support over 70 jurisdictions globally.”
Advent Software, a provider of software and services for the investment management industry, is working to expand the global client base for its portfolio management system, Geneva.
Geneva is relied on by more than 300 clients worldwide, including asset managers, hedge funds and service providers. In the past two years, the platform has experienced significant growth across South America, the Asia Pacific region, Europe, and the Middle East.
Recent clients including CITIC Securities, a hedge fund based in Hong Kong, Moneda Group, based in Chile, and Brazilian firm Vinci Partners.
“We found Advent’s global presence and world-class solutions helped them to deliver proven results on a local level here in Brazil,” said Marcos Viriato, head of technology and operations at BTG Pactual, an investment banking firm with assets under management of $85 billion. “And we benefitted immediately because Advent understands the complexity of our market. We’ve been able to eliminate our manual operation routines, automate the back office processes, and grow exponentially without adding any additional staff.”
Geneva has been enhanced to help firms better manage ongoing compliance and regulatory issues while meeting comprehensive reporting requirements, regulatory and reporting enhancements including Fatca, Ucits, AIFMD, Solvency II, and the Form PF requirement of the Dodd-Frank legislation.
“We’re committed to expanding our expertise on a global scale and we’ve added more than 200 clients around the world in the past five years,” said Chris Momsen, executive vice president, sales and solutions management at Advent. “We understand the needs of our clients in the different regions and continue to build additional capabilities to meet these requirements. The ability to deliver on-the-ground support along with deep, local expertise and knowledge allows us to develop the solutions our clients need to help them grow and thrive in their market.”
Total assets under management grew to more than $10 trillion in 2021.
The global alternative asset management firm listed on Nasdaq.
Regulator has proposed sustainability disclosures for fund managers and regulated asset owners.
The consolidated quote system for corporate bonds has raised funds to expand outside the US.
Bond funds saw strongest inflows since 2016.