Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

NorthPoint shares some lessons learned from Form PF filings

Thursday, March 07, 2013
Opalesque Industry Update – NorthPoint, a provider of software solutions and services for hedge funds, asset managers, and industry service providers, announced today the successful completion of the February round of Form PF submissions for a broad range of hedge funds and asset management clients.

“Form PF is an exercise for which it definitely pays to ‘measure twice and cut once.’ Since the original Form PF mandate, we have worked closely with our clients to help them navigate through this operationally challenging process – right from data collection to electronic submissions,” said Joseph Amarante, NorthPoint Managing Partner. “Based on the success that we have had with recent filings, coupled with our platform’s ability to integrate with existing systems, we are confident that our solution is the right choice for any fund looking for an extensible solution to simplify and manage the filing process.”

The NorthPoint Form PF Solution is an enterprise application and data repository assisting investment advisors to submit the Form PF filings. The solution provides easy-to-use data management tools to collect, classify, and aggregate the varied sources of data required for the filing. A rich user interface provides tools and reports to review, audit and sign-off on reporting instructions based on the fund's unique reporting elections. The entire process is monitored on a dashboard that shows the status of each section and the overall progress of the filing preparation. Filings can be prepared and submitted within the application, and all collected information is retained to provide audit trails of reported numbers.

NorthPoint offers practical insights and notes that investment advisors need to:

• Start early or it will be a fire drill around the reporting date. Funds usually misjudge the amount of time and collaboration necessary for their business units to complete a successful filing.
• Be aware that there is considerable room for interpretation in the way investment advisors complete Form PF. For many of the questions, there is no single answer. Reporting choices made now could significantly affect how funds may be viewed in future by investors.
• Create a “Form PF Working Committee” that is a cross-functional team consisting of members from different business units to facilitate communication and coordination.
• Approach the filing as a data and risk management exercise, not just a regulatory reporting requirement.
• Where possible, automate the mapping and collection of data through a Data Warehouse and automated data load functions to ensure a repeatable process and consistent filings.
• Identify a quarter for creating a ‘mock filing’ to test your data consistency and operation processes. This should cover identifying, collecting and reviewing data, along with completing the electronic submission to the production mirror site.

These broadly applicable lessons will help investment advisors be better prepared and confident when their reporting becomes mandatory.

Press release

www.northps.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. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t