Confluence, a global leader in investment data management automation for regulatory, financial and investor reporting and performance measurement and analysis, today announced that Royal London Asset Management has selected the company’s Unity NXT™ AIFMD Annex IV transparency reporting solution to support their growing alternative investment fund business.
The Alternative Investment Fund Managers Directive (“AIFMD”) regulation covers hedge funds, private equity, real estate and other Alternative Investment Fund Managers (“AIFMs”) in the European Union. The Directive requires all AIFMs to obtain authorisation, and make various disclosures as a condition of operation in the region. Confluence's AIFMD Transparency Reporting technology-enabled service allows asset managers to gain control over this complex undertaking - from the collection of data, the calculation of answers, the approval of the report form’s contents, to the transmission of the filing.
Royal London Asset Management needed a solution to satisfy its growing AIFMD reporting burden efficiently and cost effectively while meeting the deadlines.
“We were looking for a solution that would provide us with the control we need and the scalability to grow as we continue to expand our global footprint,” said Martyn Gatehouse, Senior Regulatory and Financial Accountant, Royal London Asset Management. “Not only has the Confluence software met these needs, their team has provided the expertise to help us navigate the complexity of the data aggregation and filing requirements associated with AIFMD.”
As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluence solutions enable asset managers and third-party administrators to consolidate and leverage data across business operations which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds. Seven of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence.
Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco.