Wed, Jul 23, 2014
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm