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Hedge Fund Compliance: Paladyne Teams up With Advise Technologies To Handle Data

New York (HedgeCo.net) – As the first SEC deadline for private fund reporting approaches for hedge funds, Paladyne Systems has teamed up with Advise Technologies LLC to specifically support the new requirements.

The new team plans to provide an interactive web-based Form PF interface for clients to enrich data, approve calculated data and electronically file with the SEC.

“For funds and their service providers to meet this reporting deadline, capturing the necessary data is unprecedented. This is an entirely new process,” said Doug Schwenk, President & CEO, Advise Technologies.

“The complex reporting requires aggregating, normalizing and tagging data from multiple sources, including portfolio, risk, collateral, and performance data. By integrating our software with the Paladyne data warehouse and security master, we can address the complex data aggregation needs of these funds and allow service providers to complete the reporting requirements.” Schwenk said.

“Our clients have been laser-focused on addressing Form PF reporting requirements and have reached out to Paladyne for help,” said Sameer Shalaby, President, Paladyne Systems. “Our partnership with Advise creates a comprehensive and innovative enterprise technology platform for Form PF and for future regulatory requirements, capable of compiling and handling the necessary data in a timely and cost effective manner. We are delighted to work with Advise to support our clients in addressing the burden of regulatory reporting and compliance.”

Alex Akesson
Editor for HedgeCo.net
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