StatPro Group has announced it has added ‘commitment approach’ to its Revolution portfolio analytics and reporting tool for compliance with Undertakings for the Collective Investment of Transferable Securities (UCITS) and Alternative Investment Fund Managers Directive (AIFMD) regulation.
Revolution will now allow fund managers to monitor risk limits and to set restrictions and warnings on the basis commitment or value at risk (VaR)—the two types of risk management procedures prescribed under UCITS IV. Clients can also share the portfolio directly with the regulator if required, and provide a full audit trail of validation comments.
"We are very pleased with this addition as StatPro Revolution now offers VaR and commitment approach side-by-side, thereby providing comprehensive compliance with UCITS and AIFMD," says Justin Wheatley, CEO of StatPro Group. "Our cloud-based platform and self-service analytics, provided in an intuitive way with a number of dashboards, reduces the complexity of compliance."
Anthony and James delve into how the systematic internalizer regime is shaping up, and then examine the regtech sector.Subscribe to Weekly Wrap emails