Thu, Oct 19, 2017
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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad