Wells Fargo launches Fund View
02 October 2015 New York
Image: Shutterstock
Wells Fargo Global Fund Services has launched an enhanced operational management system for hedge and private equity funds.
Fund View, formerly RealSTP, is composed of three modules, or views, covering operations, accounting, and investors and regulations.
The operations view will provide middle- and back-office activities such as trade capture, securities and cash reconciliation, confirmations, settlement, cash and collateral management, asset servicing and profit and loss calculations.
The account view will provide activities related to net asset value calculations and financial statement processing. The investor and regulatory view is for subscription, redemption and capital call and distribution, know-your-customer and anti-money laundering, and investor account and servicing activities.
Fund View also provides advanced tools for managing counterpart, valuation and other critical operational risks, and for accessing information for supporting capital raising and investor service related activities.
Christopher Kundro, head of Wells Fargo Global Fund Services, commented: "Fund View provides managers with operational information on a real-time basis enabling them to better manage and analyse post-trade activities.”
“It will provide our customers with the critical information they need for monitoring and measuring operational activities, analysing and mitigating operational risk, and ultimately ensuring that their funds are operating efficiently and effectively.”
Fund View, formerly RealSTP, is composed of three modules, or views, covering operations, accounting, and investors and regulations.
The operations view will provide middle- and back-office activities such as trade capture, securities and cash reconciliation, confirmations, settlement, cash and collateral management, asset servicing and profit and loss calculations.
The account view will provide activities related to net asset value calculations and financial statement processing. The investor and regulatory view is for subscription, redemption and capital call and distribution, know-your-customer and anti-money laundering, and investor account and servicing activities.
Fund View also provides advanced tools for managing counterpart, valuation and other critical operational risks, and for accessing information for supporting capital raising and investor service related activities.
Christopher Kundro, head of Wells Fargo Global Fund Services, commented: "Fund View provides managers with operational information on a real-time basis enabling them to better manage and analyse post-trade activities.”
“It will provide our customers with the critical information they need for monitoring and measuring operational activities, analysing and mitigating operational risk, and ultimately ensuring that their funds are operating efficiently and effectively.”
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