Technology can help to address the risks of reporting failures

The alternative investments industry has now woken up to the new world order of increased regulation and reporting requirements. These new and stringent demands have become a major driver for firms of all types and sizes involved in hedge fund operations, and those who ignore the implications of this do so at their peril.

Regulators have become far more stringent about the regularity and detail of the reporting they expect to see, and errors in this process can be met with more robust fines. Combined with the challenge of dealing with multiple regulatory regimes, the risks are very real.

Professionals working in fund servicing, including custody and administration, transfer agents, and COOs at investment management firms, now face a situation where their careers and professional credibility lie in the hands of regulators. To keep costs contained as much as possible, financial services firms have to address their operational environments, including the way data and reporting are managed.

This mission can be a complex and costly exercise, but convenient out of the box solutions, such as those launched by Comada this year, can help investors and hedge fund managers to meet regulatory reporting requirements, including under FATCA and AIFMD, without the cost and disruption of a major revision of compliance programmes.

Better integration, cost-effectively

Comada has long been a strong advocate of better integration of reporting processes with pricing data and transactional information. Importantly this needs to create an environment in which live data can support more comprehensive and automated reporting activity.

Comada’s M.A.T.ware technology replaces legacy services, bringing to our clients a secure Cloud-based integration platform with more flexible connectivity.

Using the technical road map we have developed, transaction and pricing data and account information can be easily harvested from disparate reporting lines and systems to build a more comprehensive picture of such critical information as dynamic cash and liquidity in alternative portfolios.

M.A.T.ware is designed to meet the complex requirements of the alternative investment industry, and supports the reporting needs of even the largest organisations, integrating and then delivering the requisite data where it is needed. This includes information that it would be difficult and costly to incorporate otherwise, but which regulators are now asking for.

As the regulatory environment becomes stricter, solutions like this will be essential for firms that wish to continue to operate cost-effectively while meeting their reporting obligations.

For further information on how Comada can support your regulatory reporting, please contact Dave Shastri (North America) – ds@comada.com / +1 212 880 4245 or Stuart Fieldhouse (Europe) – sf@comada.com / +44 (0) 20 7043 1480.

Migration of servers to new high security platform will offer clients more flexibility in their operational choices.

Hamilton, BERMUDA, July 2012: Comada, the provider of transaction-driven software solutions for investors in hedge funds, has migrated its servers to a new next-generation data centre hosted by QuoVadis Services Limited. The new Infrastructure-As-A-Service (IaaS) platform will bring considerable advantages to Comada’s customer base, including users of Comada’s award-winning M.A.T.ware software.

The new platform has been built using the latest generation networking equipment, high speed SAN for data storage, and servers designed for high density CPU and memory. It enhances the levels of security Comada can now offer its clients, with options for either multi-tenant or dedicated infrastructure. The platform also supports Comada’s programme to offer clients more flexibility in the way they use Comada technology.

Said Rupert Vaughan Williams, co-founder of Comada: “Security is a key requirement for today’s fund managers and their investors. With QuoVadis we are still able to offer clients robust solutions when compliance requirements mean they are unable to host software or data in a multi-tenant environment.”

Comada’s M.A.T.ware software is designed to be highly scalable, allowing it to be seamlessly deployed across a multi-tenant environment, along with highly configurable reporting features for fund managers and investors. Its scalability for both small and large firms in the alternative investments space requires a hosting environment that can meet the most stringent technological due diligence criteria.

Said Gavin Dent, CEO of QuoVadis Services (QVS): “QuoVadis has provided IaaS hosting to Comada for eight years, working with the company to support their fast growth and technology evolutions. By focusing on the performance, availability and security of the underlying platforms, QVS allows Comada’s team to focus on evolving the software at the heart of their services.”

About Comada
Comada is a global technology company specialising in building and implementing software solutions for the alternative investment industry. In particular, Comada’s flagship M.A.T.ware product delivers an unprecedented level of interconnectivity and transparency to the portfolio management and STP process in the alternative investments space. Praised for its flexibility, M.A.T.ware can be scaled to suit the needs of family offices as easily as large custodian banks. M.A.T.ware is already being used by custodians, fund administrators and funds of hedge funds. For more information, please go to www.comada.com.
About QuoVadis

Founded in 1999, QuoVadis Limited is an Internet security provider with operations in Switzerland, Netherlands, the United Kingdom, and Bermuda. The company is a global provider of digital certificate and digital signature services used to enhance privacy and confidentiality, data integrity, and strong authentication over the Internet. Drawing upon the company’s experience and investment in high performance datacenters, QuoVadis Services Limited (QVS) provides secure collocation, virtual hosting, and disaster recovery services to international organisations. For more information, please go to www.quovadis.bm.