BlueBay Asset Management Selects Confluence for Automated Regulatory Reporting Solutions
Confluence selected to meet increasing need for regulatory reporting automation, including AIFMD, Form PF and Form CPO-PQR
July 1, 2014
Confluence, the global leader in investment data management automation, today announces that BlueBay Asset Management, a leading specialist manager of fixed income and alternative investment products, has chosen Confluence's Unity NXT™ regulatory reporting solutions to automate its data reporting processes, both to comply with current regulatory demands and in anticipation of future ones. BlueBay will use Unity NXT AIFMD Transparency Reporting, Unity NXT Form PF Reporting and Unity NXT Form CPO-PQR Reporting to collect its data and file the required reports.
Unity NXT regulatory reporting solutions solve complex data aggregation and reporting challenges, including those associated with AIFMD, Form CPO-PQR and Form PF reporting. These solutions are designed to provide asset managers with completeness, accuracy and control over each respective reporting process, assisting them in the collection of data, answer calculations, approval of the report form contents, and transmission of the filings.
Commenting on the appointment, Simon Lumsdon, Global Head of Technology at BlueBay Asset Management said, "As part of our drive to automate our regulatory reporting solutions, we wanted a platform that would allow us to fulfil not only our current AIFMD, Form CPO-PQR and Form-PF reporting obligations, but also allow us to meet future obligations. We chose Confluence because of their expertise and their known track record in helping the industry adapt to changing regulatory requirements."
Asset managers across Europe face increasing challenges because of data integration, data reporting problems and regulatory demands. Unity NXT regulatory reporting solutions allow for the reporting process to be more accurate and transparent, while providing control over the end-to-end process.
Related to the new AIFMD and its pending 22 July deadline, Hugh Byrne, Managing Director - EMEA Business Development, at Confluence said, "Increasing fund management regulation is proving to be a technical challenge for the fund industry. Asset managers are looking to lower costs and reduce time spent whilst increasing accuracy and control when reporting on the fund's data. We are delighted that BlueBay Asset Management has selected the Unity NXT regulatory reporting solutions and will work with them to create more efficient reporting to align with current and upcoming regulatory requirements."
Confluence is a global technology solutions provider delivering innovative products to the worldwide money management industry, to meet asset managers’ and service providers’ performance, reporting, analytics, risk and data needs. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, and asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations across Europe, North America, South Africa, Australia and Asia.