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Hedge Fund technology and Software providers move to Address Form PF Compliance Requirements

New York (HedgeCo.Net) – Advent Software, Inc. a leading provider of software and services for the global investment management industry, today announced a collaboration with Data Agent, LLC to provide tools to help hedge funds and hedge fund administrators meet Form PF reporting requirements. The tools offer a flexible and affordable platform designed to address highly specialized Form PF filing requirements. By working together, Advent and Data Agent bring together high quality and reliable data, modern dashboards and easy-to-use management and sharing functionality to help reduce complexity, cost and the time required to meet new regulatory mandates.

The Dodd-Frank Act requires the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) to gather information on investment managers’ private funds. In response, the SEC created Form PF for Registered Investment Advisers. The first Form PF quarterly filing deadline is August 29, 2012 for Registered Investment Advisors with regulatory assets under management over $5 billion, while the majority of hedge funds face an initial filing deadline in 2013.

This move comes closely after Convergex a competing technology company announced that it’s Eze Castle Software wing has expanded its enterprise data management offering, Eze Data Management, with Regulatory Filings Manager.

“Regulatory Filings Manager is a natural extension of our enterprise-tested data management tools,” says Phil Christianson, product manager for ConvergEx’s Eze Castle Software. “When you use our data integration capabilities along with Performance Data Manager, our new tool provides a flexible and comprehensive solution to the challenges posed by Form PF such as multi-source data aggregation and auditing.”

“As regulations increase, we see greater demand for a standardized and streamlined process that can be implemented around these filings,” says Michael Hutner, managing director, co-head of global sales for ConvergEx’s Eze Castle Software. “Pulling together necessary Form PF data for filing can be challenging. Through our partnership approach to client service, we are well positioned to help our customers when it comes to implementing Regulatory Filings Manager and making sure it works and meets their demands.”

Aaron Wormus
Managing Director HedgeCo Networks
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