Sun, May 29, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Merchant Capital rolls out pre- and post-trade compliance technology for its UCITS umbrella platform

Wednesday, April 20, 2011
Opalesque Industry Update - Merchant Capital Ltd, the asset management division of AIM-listed Merchant House Group Plc, has launched the complete pre- and post-trade compliance applications for its UCITS umbrella platform. This announcement comes ahead of UCITS IV implementation on 1st July 2011, and provides a new generation of financial services software for Merchant’s clients.

Merchant Capital’s UCITS platform offers clients an easy-to-implement and easy-to-use software for pre-trade order entry and pre- and post-trade compliance checks, necessary under the new UCITS rules, while delivering more advanced functionality than any of its peers. These applications (or ‘Apps’) are hosted using cloud technology with no extra hardware required, this enables Merchant Capital’s clients to save on IT costs and concentrate on their core business.

This next generation of cloud-based compliance monitoring and reporting software provides full UCITS structure monitoring as well as major shareholding reporting, both pre & post-trade. Merchant Capital’s compliance ‘Apps’ offer the following tools: full breach workflow and document management, compliance stress testing and ‘what if’ scenarios, pre- and post-trade web services, XML in, XML out, open reporting interfaces, integrated data management tools and workflow, inbuilt major shareholding monitoring and online analysis of breaches and rule language that captures definitions of UCITS regulations and major shareholding limits.

Commenting on the launch of the new cloud-based technology George Cadbury, co-founder of Merchant Capital’s UCITS umbrella, said:

“Pre-trade compliance is set to be a key byword in the UCITS fund industry during the course of this year. Merchant Capital’s new pre-trade compliance system will be a critical tool for fund managers and COOs when adapting their funds to UCITS. It is essential for both regulators and investors to be comfortable with managers adhering to the UCITS rules and not just via being cognisant of breaches once the trade has already been carried out. This is particularly relevant to off-shore managers that are launching on-shore funds, having to acclimatise to a more prescriptive structure.”

He added: “With this new system managers will be informed in a time-sensitive manner as to whether their impending trade is compliant or not, before it is placed.”

Merchant’s UCITS umbrella structure allows asset managers to launch UCITS-compliant investment vehicles, typically hedge funds. Managers who use the Merchant platform are free to brand their products as they see fit, best reflecting the style and investment philosophy of their fund.

(press release)


Merchant Capital, which is authorised and regulated by the FSA in the UK, built a UCITS umbrella structure domiciled in Dublin in November 2009. Coupled with the extensive experience of its management team, clients are supported by some of the industry’s leading service providers whilst being provided with a cost-effective entrée to the UCITS market. Merchant has extensive structuring, investment management and systems expertise.

As investment manager of the UCITS Umbrella, Merchant will appoint the client as adviser or sub-manager of a sub-fund (“Cell”). This Cell will be managed according to the client’s instructions whilst Merchant manages the oversight, administrative, processing and regulatory functions. Independent trustees are appointed: a UCITS requirement and also a due diligence prerequisite for many investors. www.merchant-capital.com

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU