SS&C Technologies announced a new tool on Tuesday designed to help investment companies comply with the Securities and Exchange Commission’s modernization rules.
The SEC Modernization Reporting and Liquidity Risk Management Program Rules became effective Jan. 17 and address liquidity and reporting requirements at investment companies. New disclosure reporting regarding the liquidity of a fund’s holdings and its liquidity risk management practices will effective in June 2018.
SS&C GlobeOp’s SEC Modernization Reporting tool will support firm’s requirements to file Forms N-PORT, N-CEN and N-LIQUID.
“SS&C Regulatory Solutions team, along with CORE, our proprietary enrichment, organization and normalization engine, have a proven track record of exceptional expertise and performance in regulatory reporting,” Michael Megaw, managing director and global head of regulatory solutions for SS&C GlobeOp, said in a statement. “We are excited to announce that we will now be offering ’40 Act’ funds, the same reporting excellence we have provided to the alternative asset management community for the past five years.”
HedgeCoVest launched on Wednesday a new solution to help enterprise firms manage their separately managed account business.
The DEPLOY program features client onboarding tools, as well as trade rotation, execution and reconciliation tools. Advisors can combine more than one strategy on the platform or trade single securities.
The tool will let advisors create white-labeled reports and will automate billing.