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FOR IMMEDIATE RELEASE
Media Contact:
Erin Vadala, Warner Communications, 978-468-3076, erin@warnerpr.com
EVOLUTION IN THE HEDGE FUND BACK OFFICE: CONFLUENCE WEBINAR HELPS FUND ADMINISTRATORS MEET GROWING DEMAND FOR RISK CONTROL, TRANSPARENCY AND SCALE
August 18th Event Addresses Operational Change; Features Leading Experts from AIS Fund Administration Ltd and Rothstein Kass
(Pittsburgh, PA – August 1, 2011) Confluence, the leading provider of automated data management solutions for the investment management industry, today announced a new webinar for hedge fund administration leaders that explores the dynamics of operational change in hedge fund administration and seeks to answer the question: "Is it an evolution or a revolution?".
The webinar entitled "Evolution in the Hedge Fund Back Office: Meeting Demand for Risk Control, Transparency and Scale" will take place on Thursday, August 18, 2011 at 11 a.m. EDT. Attendees can register at www.confluence.com/GETCONTROL.
In the wake of the global financial crisis, heightened emphasis on risk control, transparency and scalability is redefining hedge fund administration best practices as these funds seek to restore investor confidence, all while bracing for the promise of new regulation and robust growth.
"Hedge fund administrators are now facing new and increased challenges as they move to a new age of fund administration," said Scott Powell, Product Manager for Confluence. "The days of manual spreadsheets and labor-intensive reporting systems simply do not meet the demands of today's post-crisis environment. For both third-party fund administrators and fund sponsors responsible for accounting and administration in-house, automation is now the key element and competitive differentiator as a means not only to survive but thrive."
The complimentary 45-minute webinar will feature two guest panelists: Brian Bekiers, Managing Director of Operations, AIS Fund Administration Ltd, and Charles Plaveczky, CPA, Principal, Rothstein Kass. Mr. Powell will accompany the panelists.
Specific topics the panelists will address include:
- The regulatory drivers of fund administration operational change
- Best practices for enterprise data management and automation for accounting and financial reporting
- The challenges of separating financial reporting preparation from other accounting functions
- Gaining control, transparency and scale through automation
Confluence will also provide an overview of its Unity® Financial Statements solution for streamlining the generation of financial statements and addressing existing and future financial reporting requirements.
Confluence is sponsoring this event for hedge fund leaders and administrators, as well as technology managers and technical business analysts.
Journalists who would like to speak with any of the panelists may contact Erin Vadala, Warner Communications, at 978-468-3076.
About Confluence
Founded in 1991, Confluence is a global leader in fund administration automation. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process—including the collection, creation, confirmation, and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The Unity® platform from Confluence addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit www.confluence.com.
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