Royal London Asset Management has selected Confluence’s NXT AIFMD Annex IV transparency reporting offering as part of its alternative investment fund business.
The move is in direct response to the Alternative Investment Fund Managers Directive (AIFMD).
AIFMD covers hedge funds, private equity, real estate and other alternative investment fund managers (AIFMs) in the European Union.
The directive requires all AIFMs to obtain authorisation, and make various disclosures as a condition of operation in the region.
Confluence’s AIFMD Annex IV offering aims to provide asset managers with a greater degree of control over AIFMD requirements including the collection of data, the calculation of answers, the approval of the report form’s contents and the transmission of the filing.
“We were looking for a solution that would provide us with the control we need and the scalability to grow as we continue to expand our global footprint,” said Martyn Gatehouse, senior regulatory and financial accountant at Royal London Asset Management.
“Not only has the Confluence software met these needs, their team has provided the expertise to help us navigate the complexity of the data aggregation and filing requirements associated with AIFMD.”