Channel Islands-based investment reporting provider Enhance Group selects Confluence for AIFMD Technology Solution
February 26, 2014
Confluence, a leading provider of data management and automation solutions to the global investment management industry, today announced that Enhance Group, a Jersey-based investment consultancy firm, has selected Unity NXT™ AlFMD Transparency Reporting from Confluence as the technology platform for their AIFMD transparency reporting outsourced service.
"Considering the highly detailed and complex task of collecting and validating the data, calculating the responses and filing the reports electronically in the specific technical and language requirements of multiple regulators, we were looking for a robust technology solution that provided us with accuracy, control and a fully auditable process," said Enhance Group Alternative Investment Consultant Nicola Le Brocq. "Confluence has deep expertise in alternative investment data management and automation and a proven track record with similar alternative investment regulatory reporting challenges, such as Form PF required by the Securities and Exchange Commission in the United States."
As part of its Investment Reporting practice, Enhance offers risk analysis and reporting solutions specially tailored for the AIFM board of directors and risk committees to monitor risk material to the underlying funds. The Enhance Group's AIFMD transparency reporting outsourced service is an efficient and cost effective complementary solution designed for AIFMs and their fund administrators.
With the Unity NXT AIFMD Transparency Reporting product Enhance Group can provide the expertise and technology to relieve their clients of the labour intensive demands of complying with AIFMD reporting requirements. "By outsourcing to Enhance Group, with our team of data management specialists to handle their AIFMD reporting needs, our clients can focus on their core duties as AIFM or third party fund administrator" said Le Brocq.
"As the transitional period draws to a close and the July deadline approaches, many alternative investment fund managers and their fund administrators are just now realizing the specialized complexity of the reporting requirement facing them," said Melvin Jayawardana, Confluence European Market Manager. "With Unity NXT AIFMD Transparency Reporting, Enhance Group can ensure accuracy and control over the entire reporting process -- from the collection of data, to the calculation of answers, to the approval of the form, to the submission of the filing."
Since Enhance was established in 2005 it has earned an exceptional reputation as one of the leading providers of investment oversight and reporting within the offshore services sector. Today Enhance who is a fully independent company works with over 75 fiduciary & corporate services companies in 9 jurisdictions. Our clients include trustees, boutique asset managers, charities, family offices and pension funds. For more information, visit. www.enhance.je.
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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.