SS&C Technologies (Nasdaq:SSNC), a global provider of investment and financial software-enabled services and software, today announced it has launched its Form PF reporting solution.
SS&C's Form PF solution can be used by current fund administration clients as well as on a stand-alone basis by funds which use third party administrators or an in-house process. As part of the launch, SS&C will host a breakfast briefing in New York City on March 29, 2012.
Form PF is a new reporting requirement applicable to investment advisers to hedge funds, private equity funds and other private funds that meet certain asset thresholds. Investment Advisers subject to these rules will be required to report information on a quarterly or annual basis for use by the Financial Stability Oversight Council ("FSOC") in monitoring systemic risk to the US economy.
SS&C's solution is cloud-based, and offers clients access to data collection, workflow management and submission of Form PF online. The web-based solution supports complex fund structures, and multiple asset types and data sources. SS&C personnel assist in the filing process by collecting and enriching the data, linking in SS&C's proprietary risk solutions, and presenting clients with a completed form for review.
Rahul Kanwar, Senior Vice President in charge of SS&C's Alternative Assets division notes, "Our solution merges Form PF software with services supported by our fund administration experts who perform administration and accounting for hedge and private equity funds and funds of funds. We believe this turnkey combination of software and services provides significant time and effort savings for clients."
SS&C is hosting an invitation only breakfast briefing for financial, operational and compliance personnel at firms subject to Form PF requirements. The session will feature a panel discussion from a cross-section of service providers including a legal expert and SS&C, representing the fund administrator role.
"Our investment in the rapid deployment of our Form PF solution is evidence of our continuing and long-standing commitment too alternative asset managers globbally," said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. "As clients face increasing regulatory reporting requirements, SS&C is very focused on leveraging technological solutions and our expertise in helping them comply with these obligations."