GlobeOp has launched a service six months ahead of the first SEC deadline for private fund (Form PF) reporting.
Many funds with more than $1 billion in assets under management potentially face their first reporting deadline on 15 January, 2012, said Tony Glickman, global head of Analytics at GlobeOp.
If a firm is registered with the SEC or is required to be registered, even if based outside the US, and if the firm advises or manages a hedge fund, liquidity fund or private equity fund, it will need to make a filing.
Glickman notes that the specific portfolio data required depends on fund type and size, and typically includes a combination of fund manager, fund and investor information. It can also include asset and/or derivatives exposures, financing transactions, collateral arrangements, counterparty exposures and indications of liquidity. Data will be required both on a fund-by-fund basis as well as on an aggregated investment manager-wide basis. In many cases, funds will need to provide risk data such as sensitivities, value-at-risk (VAR) and scenario analysis.
“The complex reporting forms are compounded by the fact that larger funds and managed account platforms often involve complicated portfolio, risk and performance data," said Glickman, adding that one report element requires 449 data points across 14 categories.
In hedge fund news, the GlobeOp Forward Redemption Indicator for August 2011 measured 2.71%, up from 2.08% in July.
"The Forward Redemption Indicator is encouragingly low given recent market volatility," said Hans Hufschmid, chief executive officer, GlobeOp Financial Services. "In fact, it is the lowest August number since readings began in 2008. At this time, we see no sign of investors moving out of hedge funds."
The indicator presents a view of the redemption pipeline for investors in hedge funds on the GlobeOp administration platform.
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