The Confluence platform was designed in response to the growing regulatory requirements faced by alternative investment fund managers, providing a one-stop data-centric platform.
AIFMD transparency reporting requires over 400 data points to be collected from various internal and third-party systems.
The solution is designed to simplify and streamline the reporting process for asset managers and service providers, and to help them take control of their obligations. It covers collection of data, calculation of responses, approval of the report form’s contents, and transmission of filing.
Odile Renner, partner and head of Arendt Regulatory & Consulting, said: “With the technology and capability that Confluence brought to us, along with our own expertise on AIFMD reporting, we have been able to guide a growing range of clients.”
She added: “The client interface which allows our team and the client to remotely connect at the same time and review the data is a key element as we are able to continue advising the client in an efficient manner.”
Hugh Byrne, managing director for business development for Confluence in Europe, the Middle East and Africa, said: "Confluence is already well known in the US asset management industry. It is a real added value for Arendt Regulatory & Consulting and gives them additional credentials for providing their AIFMD reporting solutions to US alternative managers.”
The mandate follows a January announcement that Royal London Asset Management appointed the Unity NXT solution for AIFMD reporting to support its growing alternative investment fund business.
Arendt Regulatory & Consulting advises around 40 alternative investment fund managers that will be supported by the platform.