26/01/2012 Author: David Beattie

Northern Trust launches new FOHF reporting platform

Fund administrator Northern Trust has launched a new reporting platform for its fund of hedge funds clients providing better, more flexible access to key data elements, it said in a statement Thursday

Specifically the platform will offer NT’s clients the ability to extract key data; create customised, user-defined reports to assist in meeting industry regulations; facilitate demand for transparency; and produce data to better execute on performance return analysis, portfolio management, liquidity or compliance, it continued.

“Our clients are faced with new and evolving investor reporting and transparency requirements and as a result they need to be in a position to access reports and data requests on demand,” said Ian Headon, Northern Trust’s asset servicing product manager for alternative investments.

“The enhancements to our Hedge Fund Monitor reporting tool give our clients this capability without them needing to invest management time and effort in formally defining and specifying requirements,” he added.