15 March 2019
Link Fund Solutions selects Infovest for best of breed fund compliance capabilities
Management company specialist Link Funds Solutions in Dublin has selected Infovest’s StatPro Portfolio Control (SPC) product to provide advanced new breach management and compliance capabilities.
Infovest’s SPC solution delivers automated workflow and reporting, offering full support of regulatory investment and borrowing restrictions and enabling advanced breach identification, management, audit and reporting functionality.
SPC, which went live in the Dublin office this month, will give Link Fund Solutions the ability to move substantially faster on potential exceptions and breaches, enhancing compliance and service delivery.
The product allows Link Fund Solutions to monitor compliance of its funds under management with the investment and borrowing restrictions set out in the regulations (UCITS and AIFMD) in accordance with CP86 (Management Company) guidelines. Execution monitoring and reporting will be enhanced, providing deep insight into funds and ensuring all aspects of the funds are professionally managed.
Link Fund Solutions is Infovest’s first client in Ireland, and has previously implemented other StatPro solutions, including the Revolution monitoring tool. Following the implementation in Dublin, Link Fund Solutions will also roll out SPC at its UK and Luxembourg business.
Paul Nunan, MD of Link Fund Solutions Ireland comments:
“The choice of SPC is in line with our wider growth strategy, ensuring existing and prospective clients, their investors, and the regulator have the confidence that we’re actively managing their funds in accordance with regulations. Our broader innovation and development strategy includes the creation of a data warehouse, and this comprehensive fund data will feed various utilities such as SPC and StatPro Revolution.
“StatPro was already a trusted partner providing us with a robust and flexible Investment Performance and Risk monitoring tool in the form of the StatPro Revolution product. Infovest, forming part of the same group, gave us the confidence that they fully understand our business and could deliver on our requirements. SPC’s independence offers a ‘best of breed’ compliance solution, a testimony to our ambition to exceed the expectations of our clients.”
Jenine Ellappen, Compliance Product Manager at Infovest Consulting, says the ability to thoroughly interrogate data, monitor and investigate in house breaches without having to be reliant on third parties, gives Link Fund Solutions visibility, ownership and control over their data, rules and compliance.
“For many asset management companies, turnaround time is generally quite long, with reports on compliance exceptions and breaches received only weekly or monthly. Having this information daily allows Link to action it in a timely manner, thereby potentially reducing any negative financial impacts. This capability is a differentiator that will support the company’s international growth strategy,”
Jenine Ellappen, Compliance Product Manager at Infovest Consulting.
|StatPro Group plc
|Justin Wheatley, Chief Executive
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|Michelle Earp, Global Head of Marketing
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StatPro is a global provider of award-winning portfolio analytics solutions for the investment community. The Group’s cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro’s clients increase assets under management, improve client service, meet tough regulations and reduce costs.
The Group’s integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, and NASDAQ.
The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 39 countries around the world.
StatPro has grown its Annualised Recurring Revenue from less than £1 million in 1999 to around £55 million at the end of September 2018. Around 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.