Linedata has released the latest version of Mfact, its fund accounting solution for fund administrators, banks and trust companies, mutual funds, hedge funds and pension funds.
Linedata Mfact now offers full multiple manager Portfolio, General Ledger and Net Asset Value reporting in parallel with traditional fund level reporting. This ability to track funds by manager and total portfolio provides the necessary controls for reporting, compliance and accounting at both the consolidated and the manager level.
The enhancement provides the necessary data required by asset managers and administrators to comply with new reporting burdens, particularly as investors use more multi-managers with various investment vehicles to diversify their portfolios.
Administrators who can efficiently support multi-manager and traditional fund structures have an advantage in the market. As fund sponsors are increasingly utilizing a multi-manager approach, there is greater need to support full multi-manager level Portfolio, GL and NAV reporting says Gavin Little-Gill, global head of Asset Management product strategy at Linedata.
(JDC)