BNY Mellon has launched a new reporting tool to help its fund-administration clients meet regulatory reporting requirements as stipulated by the Alternative Investment Fund Manager's Directive (AIFMD).
Under AIFMD, Alternative investment fund managers will be required to file a specifically formatted report with their home regulator, including details of their investment strategies, exposures, portfolio concentration, total value of assets under management, principal markets and instruments in which investments are made, as well as details of the funds' risk profile.
The new service provided by BNY Mellon will help aggregate and collect all the data from designated sources before compiling the report.
"Alternative investment fund managers are increasingly challenged by the growing global regulatory reporting demands of AIFMD," says Alan Flanagan, global head of product management for alternative investment services at BNY Mellon. "Our seamless solution will provide them with a signature ready report for their approval and submission, enabling them to stay focused on investment strategy and management."
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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