MPMF Fund Management (Ireland), the alternative investment fund manager (AIFM) and UCITS management company of Maples Group, has launched a series of technology enhancements following evolving client demands and regulatory requirements.
The launch of the new series is set to meet the challenges that arise from the AIFMD and UCITS directives in terms of operational and transparency requirements.
The new technological infrastructure will feature several proprietary applications and technologies to support MPMF’s administration of innovative solutions for alternative investment and UCITS funds.
The enhancements are also a preemptive response to new regulation expected later this year, which will require EU fund managers to build out local fund management activities, provide substance, and ensure compliance with additional risk reporting requirements such as enhanced liquidity stress testing.
MPMF has also implemented SS&C Technologies’ portfolio accounting system, Advent’s Geneva, to maintain investment record books, handle the high trading volume, and account for complex financial instruments.
Additionally, it has introduced MSCI Risk Manager as a fund risk system to offer portfolio risk analytics such as investment restrictions monitoring and liquidity stress testing.
Catherine Lane, senior vice president of MPMF, explained: “With a rapidly evolving regulatory environment and increasing demands from regulators, investors and managers, operational efficiency has become more important than ever.”
“We are proud of our ability to marry our deep industry expertise with market-leading technology. This is a formidable combination and ensures clients can continue to confidently rely on MPMF’s solutions in respect of the operation of their funds.”
Tyler Kim, global head of fund services at the Maples Group, added: “We have now further enhanced and tailored our solutions in response to our clients’ evolving needs and to offer solutions that transcend typical management company deliverables and can supplement their in-house capabilities.”
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