Fri, Sep 30, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Northpoint introduces rules based allocations solution

Tuesday, January 10, 2012
NorthPoint®, a leading technology consulting and systems integration firm for Asset Managers and Hedge Funds, has introduced a dynamic, rules-based allocations solution to ensure compliance and provide asset management firms with comprehensive controls that are critical to their firms’ long-term success.

“The asset management landscape is becoming more complex due to the introduction of unique instruments, sophisticated portfolio strategies, and specialty mandates,” said Joseph Amarante, Managing Partner of NorthPoint’s Financial Services Division. “Investors are demanding more transparency and in-depth due diligence from firms, especially with their trade allocation processes, data, and operational controls. It has not only become imperative for Asset Managers to implement compliance and operational processes that improve oversight and enhance decision-making, but also to provide these key processes in a way that systematically codifies their business and decision rules within their core Order Management Systems (OMS).”

NorthPoint’s dynamic, rules-based allocations solution has been successfully deployed across several of NorthPoint’s asset management clients, integrating seamlessly with both off-the-shelf and custom trade order management systems. Some of the benefits of the solution include:

  • Automatic trade allocation based on eligibility requirements and on any given portfolio weighting such as market value, exposure, and others
  • A predefined set of rules, rule “types,” and rule groupings for compliance and eligibility checks, and a standardized model for end user definition of new rule types and rule groupings
  • A user-friendly interface so that Risk and Operations personnel can easily review the status/results brought back by the allocations engine in a tabular and drill-down format
  • Seamless integration with other third-party compliance tools

“We recognize the drivers of compliance and the internal and external areas of risk. Solutions such as the NorthPoint Allocations engine equip our clients to meet many of the challenges of regulatory compliance, allocations, and investor due diligence. By demonstrating such adherence to strict allocations and compliance standards, clients can gain a competitive advantage in maintaining credibility and attracting and retaining assets,” said Johan Glozman, Partner/Vice President, NorthPoint’s Financial Services Division.

Press Release

BM

 

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. Studies - Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements, Cambridge: Look to private investments for best access to LatAm growth[more]

    Hedge funds’ study reveals vast disparity in types of investors securing side letter arrangements A new study of the hedge fund space by industry law firm Seward & Kissel LLP reveals a wealth of information regarding established hedge fund managers’ use of side letters—special agreements

  2. Activist News - Caesars 'optimistic' on deal with hedge fund creditors[more]

    From Reuters.com: Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion set

  3. Hedge funds recover from losses as central banks give markets a respite[more]

    Komfie Manalo, Opalesque Asia: The Lyxor Hedge Fund index was up 0.4% from the week ending September 20 (-2.4% YTD), supported by the willingness of central banks to remain accommodative, Lyxor Asset Management said in its weekly briefing. It ad

  4. Perry Capital closing flagship fund after almost three decades[more]

    From Blooomberg.com: Richard Perry, one of the biggest names in hedge funds, is calling it quits after 28 years. Perry, 61, is winding down his New York-based flagship fund as the industry confronts one of the most tumultuous periods in its history. In a letter to investors Monday, he said his style

  5. Eden Rock buys Gottex stake in ERG Asset Management[more]

    Matthias Knab, Opalesque: Eden Rock Group announced the purchase of Gottex’s stake in ERG Asset Management and so the firm is now wholly owned by Eden Rock. The two firms established the joint venture in 2011 to focus on providing cost effective solutions to funds holding illiquid investments, as