Comada has released a new update for its M.A.T.ware technology for investors in alternative funds.
The update will mean the software meets the new reporting requirements of regulators, allowing investors and service providers to manage fund transactions without disruption.
The release also recognises the new reporting requirements from the Alternative Investment Fund Managers Directive, and will also include a UK Financial Conduct Authority (FCA) reporting module to meet FCA Client Assets requirements.
Cash management will become fully integrated by combining cash from foreign exchange dealing, credit and position exposures into a comprehensive view and projection features.
The update also enhances liquidity features, which recognises hedge fund investors are increasingly investing in a wide variety of illiquid assets, like private equity and less-liquid securities.
Dave Shastri, co-founder of Comada, said: “The global regulatory environment for both investors in hedge funds and their custodians has changed enormously in the last few years.”
“Comada has been reacting to this by enhancing both the suite of regulatory reporting tools we make available to our clients, and the detailed cash management and liquidity data they require to support that reporting.”
Rupert Vaughan Williams, co-founder of Comada, added: “While prized for its straight through processing capabilities, Comada’s M.A.T.ware software is also highly regarded because of the additional live portfolio data it delivers to hedge fund investors.”
“Our latest release allows this data to be used to meet new regulatory demands in an efficient and timely manner.”
.jpg)