19 Jan 2012
SEI has expanded its proprietary “Portfolio Monitor” compliance system in order to help money managers enhance the depth and flexibility of portfolio compliance testing.
SEI has been utilising Portfolio Monitor to perform post-trade compliance testing for hedge fund managers since 2009, and recently transitioned its registered fund clients onto the expanded system from its predecessor program, AdvisorAlert. The move is to assist with ongoing regulatory changes and increasing investor demands.
Phil McCabe, senior vice president and solution head of SEI’s investment manager services division, believes this system will put managers in a better position to succeed in the constantly changing and increasingly complex regulatory environment we are currently seeing.
Portfolio Monitor aims to provide greater control of mandate guidelines, fund disclosure requirements, best practice rules, and global regulatory restrictions, including those related to the UCITS IV Directive.
The enhanced system, which is built on an open architecture platform, provides managers with greater flexibility around today’s compliance needs. The system allows for fund- and aggregate-level monitoring to ensure compliance transparency into the investment management firm.
Ultimately, Portfolio Monitor aims to provide managers with end-to-end compliance reporting designed to support a wide variety of testing and oversight across investment products. Portfolio Monitor also provides enhanced and more tailored reporting.
SEI has been utilising Portfolio Monitor to perform post-trade compliance testing for hedge fund managers since 2009, and recently transitioned its registered fund clients onto the expanded system from its predecessor program, AdvisorAlert. The move is to assist with ongoing regulatory changes and increasing investor demands.
Phil McCabe, senior vice president and solution head of SEI’s investment manager services division, believes this system will put managers in a better position to succeed in the constantly changing and increasingly complex regulatory environment we are currently seeing.
McCabe added: “We’ve always been recognised for our strong compliance resources, and Portfolio Monitor is the next logical step for SEI and our clients. It facilitates additional reviews, offering more robust reporting capabilities with greater flexibility to adapt to changing regulations. It also helps investment managers stay ahead of escalating client demands across a myriad of product types and asset classes.”
Portfolio Monitor aims to provide greater control of mandate guidelines, fund disclosure requirements, best practice rules, and global regulatory restrictions, including those related to the UCITS IV Directive.
The enhanced system, which is built on an open architecture platform, provides managers with greater flexibility around today’s compliance needs. The system allows for fund- and aggregate-level monitoring to ensure compliance transparency into the investment management firm.
Ultimately, Portfolio Monitor aims to provide managers with end-to-end compliance reporting designed to support a wide variety of testing and oversight across investment products. Portfolio Monitor also provides enhanced and more tailored reporting.
