Hedge fund managers and private fund managers now have a single place to easily import, map and transform data
WESTBOROUGH, Mass., – (May 19, 2014) – Virtusa Corporation (NASDAQ: VRTU), a global IT services company that combines innovation, technology leadership and industry solutions to transform the customer experience, today announced that its CSalt solution will now integrate seamlessly with Investor Analytics’ Risk Platform to streamline and simplify Alternative Investment Fund Managers Directive (AIFMD) Annex IV reporting. Both companies are committed to easing the burdens of alternative investment advisors and those that support them, and this integration will give alternative investment fund managers a single place to easily import, map and transform data in order to fulfill the requirements of AIFMD and Annex IV.
“Since we first unveiled CSalt in early 2013, we’ve worked closely with advisors and compliance consultants to ensure that the solution meets their exact requirements,” said Erik DiGiacomo, senior vice president, Financial Services Consulting at Virtusa. “We’re pleased to partner with Investor Analytics for AIFMD Annex IV reporting. With the deadline for the European reporting fast approaching, we are not only well poised to help our clients in the alternative investment industry, but also committed to staying ahead of industry changes, and this enhanced version not only does that, but also adds user-friendly features that make it even easier to use.”
The integration of Virtusa’s Compliance Suite for Hedge Funds and Alternative Investments (CSalt) with the Investor Analytics Risk Platform provides alternative investment managers with a one-stop solution to satisfy AIFMD Annex IV prescriptive risk requirements. Annex IV Reporting requires all alternative investment fund managers to report specific risk analytics, including value at risk, stress testing, liquidity stress testing, DV01 and credit spread sensitivity. In addition to Form PF and CPO-PQR, the enhanced suite offers a solution for AIFMD Annex IV Reporting and adds a new chief compliance officer (CCO) task management tool including checklist, calendar, document management, work-flow and e-mail notification features.
“Investor Analytics is excited to partner with Virtusa to offer best of breed regulatory data management and reporting services complete with all of the risk calculations required by AIFMD,” said Damian Handzy, chief executive officer of Investor Analytics.
Virtusa’s Global Financial Services Consulting Group provides end-to-end consulting and technology and transformation services for the financial services industry worldwide including banks, broker dealers, FCMs, fund administrators, investment banks, investment managers, private funds, prime brokers/prime services and select industry service providers. Virtusa’s banking and financial services customers include 5 of the top 10 U.S. banks, 4 of the top 15 global banks, some of the top brokerage firms and several of the largest card and payment providers. For more information on Virtusa's solutions for banking and financial services organizations, please visit https://www.virtusa.com/industries/banking-and-financial-services/perspective/.
About Investor Analytics
Investor Analytics, with offices in New York and London, has been helping managers aggregate data and deliver risk reporting for over 14 years. Analyzing more than $380 billion of assets daily, Investor Analytics has vast experience in providing risk related regulatory analytics, with UCITS, Form PF, CPO-PQR, Sec 2-a7, OPERA and AIFMD as a value-added Risk Partner.
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovative engineering. Virtusa serves Global 2000 companies in Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.
Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive the business forward at unparalleled velocity enabled by a culture of cooperative disruption.
Virtusa is a registered trademark of Virtusa Corporation. All other company and brand names may be trademarks or service marks of their respective holders.
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