Wed, Sep 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

KPMG and AxiomSL form alliance to assist investment advisers faced with new regulatory requirements including Form PF

Friday, June 15, 2012
Opalesque Industry Update - KPMG LLP, the audit, tax and advisory firm, and a leader in the Financial Services sector, has formed an alliance with Axiom Software Laboratories, Inc. (AxiomSL), a global provider of regulatory reporting and risk management solutions, to address new regulatory requirements facing investment advisors, including Form PF.

In January, the Securities and Exchange Commission (SEC) issued a final rule under the Investment Advisers Act of 1940 that requires certain investment advisers, who advise one or more private funds and have at least $150 million in private fund assets under management, to file Form PF.

The SEC final rule became effective March 31 and advisers will need to begin filing Form PF on a quarterly or annual basis beginning as early as July. However, Form PF filing requirements will vary based on the size of an investment adviser’s assets under management as well as the types of private funds it manages.

Working together, KPMG and AxiomSL have developed an innovative technology solution based on their deep knowledge of Form PF requirements and the Alternative Investment industry.

“KPMG has established itself as a leader in helping investment managers comply with the new regulatory requirements and address the complexities of new filing obligations such as Form PF for private funds’ investment advisors,” said Atif Zaim, KPMG LLP’s U.S. Financial Services leader for management consulting.

“By partnering with a leader in regulatory reporting technology we have been able to rapidly incorporate our actual field experience with Form PF into a tested software solution. This should help our clients reduce costly manual work and accelerate their efforts to submit controlled, high-quality Form PF data to regulators,” added Jonathan Cohn, a KPMG principal for IT strategy and performance.

The AxiomSL alliance represents continued evidence of KPMG’s growth strategy. “Alliances help us deliver differentiated solutions, technology specialization and complementary services that our clients expect from KPMG,” said S. Singh Mecker, KPMG’s head of strategic alliances and go-to-market partnerships.

“AxiomSL’s expertise deploying regulatory reporting and data management technologies and in building interfaces to regulatory filing systems, combined with KPMG’s experience and input in developing the robust Form PF data model and aggregation rules means that AxiomSL can deliver its Form PF e-filing solution to mid-year Form PF filers so they can file electronically through the AxiomSL solution,” said AxiomSL’s CEO, Alex Tsigutkin...Full press release: Source
PD

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. Cliff Asness attracts $360 million as liquid alternative funds hold up[more]

    From Bloomberg.com: As U.S. stocks suffered their worst month in more than three years in August, Clifford Asness’s managed futures fund was able to profit. Investors are taking notice. The $9.12 billion AQR Managed Futures Strategy Fund pulled in an estimated $360 million in net subscriptions last

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Einhorn and Loeb's hedge funds both decline 5% in August, Some target-date funds miss in the market turmoil[more]

    Einhorn and Loeb's hedge funds both decline 5% in August From Reuters.com: Hedge fund billionaires David Einhorn and Daniel Loeb saw their main funds lose roughly 5 percent in August during a dramatic market sell off, two people familiar with their returns said on Monday. Einhorn's

  5. Opalesque Exclusive: Foundation returns slide, but commitment to alternatives remains[more]

    Bailey McCann, Opalesque New York: Private and community foundations posted returns of 6.1 percent for the 2014 fiscal year (January 1 – December 31, 2014), down from the 15.6 percent return reported for FY2013, according to the latest Council on Foundations–Commonfund Study of Investment of End

 

banner