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Komfie Manalo, Opalesque Asia:

The wave of regulations introduced over the last ten years have also forced service providers to become huge data warehouses to be able to meet the new regulatory reporting requirements, said Jason Brandt, regional head of Fund Services, Americas at Maples Fund Services during the latest Opalesque 2016 Connecticut Roundtable.

Over the last ten years, the global hedge funds industry has evolved significantly and regulatory compliance has become the top priority for managers today who now bear a much greater operational burden. Jason Brandt said that these changes have been a benefit for service providers like Maples Fund Services because managers are increasingly looking to outsource those responsibilities.

He commented, "The funds industry, however, is just now beginning to comprehend the full scope of the technological challenges brought on by all of this regulation. The issue is that all of these regulatory efforts involve massive amounts of data that needs to be collected, aggregated, calculated and submitted on an ongoing basis. The frequency of filings, in particular, has promoted us to invest significantly in our technology in order to be able to meet these new requirements."

As a result, service providers like Maples have become more of a data warehouse that can take information,......................

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