SS&C Technologies, a global provider of investment and financial software-enabled services and software, has launched a Form PF reporting solution. The solution can be used by fund administration clients on a stand-alone basis by funds using third-party administrators or those doing in-house administration.
The solution helps investment advisers to hedge funds and private equity funds comply with the new Form PF reporting requirement, who will be required to report information on a quarterly or annual basis to the U.S. Financial Stability Oversight Council (FSOC). The goal is to monitor systemic risk private funds potentially pose to the U.S. economy.
SS&C’s solution is cloud-based, and offers services for data collection, workflow management and online submission of Form PF. The Web-based solution supports complex fund structures, and multiple asset types and data sources.
SS&C personnel assist in the filing process by collecting and enriching the data, linking in SS&C’s proprietary risk solutions and presenting clients with a completed form for review, SS&C says.
“Our solution merges Form PF software with services supported by our fund administration experts who perform administration and accounting for hedge and private equity funds and funds of funds, says Rahul Kanwar, senior vice president in charge of SS&C’s Alternative Assets division. We believe this turnkey combination of software and services provides significant time and effort savings for clients.”
A number of third-party administrators have launched similar solutions, including GlobeOp, Viteos and Kaufman Rossin.
“Our investment in the rapid deployment of our Form PF solution is evidence of our continuing and long-standing commitment to alternative asset managers globally,” says Bill Stone, chairman and CEO of SS&C Technologies. “As clients face increasing regulatory reporting requirements, SS&C is very focused on leveraging technological solutions and our expertise in helping them comply with these obligations.”
(CG)