Royal London Asset Management, part of the Royal London Group, has selected Pittsburgh, Pa.-based vendor Confluence to provide its Unity NXT AIFMD Annex IV transparency reporting solution.
Covering hedge funds, private equity, real estate and other alternative investment fund managers in the European Union, the Alternative Investment Fund Managers Directive (AIFMD) requires fund managers to obtain authorization, and make various disclosures as a condition of operation in the region.
"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, in a statement. "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."
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