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Article: Hedge Funds Aim Technology at Regulator, Investor Demands.(Regulations)
- Article from:
- Securities Industry News
- Article date:
- June 22, 2009
CopyrightCOPYRIGHT 2009 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Shane Kite
Several hedge funds and their administrators are adopting enhanced systems aimed at fulfilling expected compliance requirements for more transparency and meeting heightened demands from investors to communicate portfolio information quicker and with more granular detail.
Much of the work involves porting standard portfolio processes to weekly, daily or even real-time schedules from what's typically been given lengthier, monthly or quarter-end treatment. The services reach beyond rote calculation of a fund's Net Asset Value, or "NAV," the traditional domain of hedge fund administrators.
The idea is to allow managers quicker ...