The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

GlobeOp Launches Form PF Reporting Service for Hedge Funds Ahead of SEC Deadline

With the first SEC deadline for private fund (Form PF) reporting currently less than six months away for many large hedge funds and managed account platforms, GlobeOp Financial Services has launched a reporting service to specifically support the requirements.

“Many funds with more than $1 billion in assets under management (AuM) potentially face their first quarterly reporting deadline on 15th January, 2012,” said Tony Glickman, global head of Analytics at GlobeOp. “The complex reporting forms are compounded by the fact that larger funds and managed account platforms often involve complicated portfolio, risk and performance data. For example, we’ve determined that one report element requires 449 data points across 14 categories. As our clients’ administrator and a key financial services partner, we are uniquely positioned and operationally geared to help. We already supply much of this data in daily, weekly or monthly reports to fund managers and investors. By efficiently gathering data and drafting reports for client review and submission, we can help them meet regulatory obligations, save time and reduce investment in internal resources.”

Glickman noted that the specific portfolio data required depends on fund type and size, and typically includes a combination of fund manager, fund and investor information. It can also include asset and/or derivatives exposures, financing transactions, collateral arrangements, counterparty exposures and indications of liquidity. Data will be required both on a fund-by-fund basis as well as on an aggregated investment manager-wide basis. In many cases, funds will need to provide risk data such as sensitivities, value-at-risk (VAR) and scenario analysis.

GlobeOp’s support will begin once fund clients determine their Form PF obligations, based on SEC registration, US beneficial ownership and management of a hedge, liquidity or private equity fund. Fund management companies retain ownership of fund data and SEC filing responsibility. GlobeOp will minimise the operational burden by leveraging existing, integrated fund data infrastructures – including the general ledger, risk and pricing engines.

Pending finalisation with the SEC the service will be electronic. GlobeOp will gather data and produce Form PF reports for clients to review, authorise and submit. As all funds must be included in a single report, GlobeOp will also offer to aggregate data from client sources or other administrators.

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

Calling All Start-Ups: Do You Have What It Takes?

There’s only a month to go until the RegTech Summit Virtual 2020 kicks off, and with a brand new livestreaming format this year to showcase five days of intensive, cutting edge discussions around the most compelling issues facing the RegTech Industry today, we’re expecting our biggest audience yet. And we want you to be a...

EVENT

Data Management Summit Virtual

The Data Management Summit Virtual will bring together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Join us online to hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...