Wed, Jul 29, 2015
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. Bridgewater turns bearish on China[more]

    Komfie Manalo, Opalesque Asia: The world’s biggest hedge fund Bridgewater Associates and one of the most vocal of China’s potential is now turning its back against the world’s second largest economy as it joins a growing list of high-profile investors who are challenging China’s potentials.

  2. Launches - Ex-Brevan Howard star Rokos builds team for new fund, Former Och-Ziff manager’s firm starts health care hedge fund, Industry veterans launch commodity investment firm Aron Capital Management, Nikko Asset Management launches two UCITS funds, Capital Group plans to debut Asian investor targeted fund[more]

    Ex-Brevan Howard star Rokos builds team for new fund From WSJ.com: Chris Rokos, a former star trader at Brevan Howard Asset Management LLP, has hired an economist from Nomura to join the team he’s assembling for his much anticipated hedge fund launch. Mr. Rokos, whose firm is due to b

  3. Institutions - Pension fund dismisses Texas consultant, Rhode Island pension fund gets 2.2% investment return, far below assumed rate of 7.5%, New Jersey pension investments see a drop-off in returns[more]

    Pension fund dismisses Texas consultant From Sandiegouniontribute.com: The county retirement board on Thursday terminated the Texas consultant who was given the reins of the $10 billion pension fund, and whose investment picks left many employees and retirees feeling taken for a ride.

  4. SWFs - Sovereign wealth funds paid around $14 billion in fees[more]

    From SWFinstitute.org: When it comes to the financial sector, asset management is one of the most profitable industries in the world. The Boston Consulting Group put out a 2014 figure saying there is US$ 74 trillion worth of professionally-managed assets. One of the fastest growing institutional inv

  5. Investing - Carlyle teams with TCW in push for ordinary investors[more]

    From Bloomberg.com: Carlyle Group LP isn’t backing down from its goal of offering alternative strategies to the masses, despite early setbacks. The Washington-based firm is teaming up with TCW Group, which is majority owned by Carlyle funds, to offer three vehicles that give ordinary investors acces

 

banner