SOURCE: Butterfield Fulcrum
NEW YORK, NY --(Marketwire - September 20, 2012) - Butterfield Fulcrum, a leading independent hedge fund administrator and service provider to the alternative investment industry, announced that one of its clients successfully completed its initial Form PF filing. The filing deadline for Registered Investment Advisors (RIA) with over $5 billion in regulatory assets under management (RAUM) in private hedge funds was August 29, 2012.
Butterfield Fulcrum's service offering to clients utilizes Data Agent LLC's Form PF software to assist its clients in their Form PF filings. The software imports data mapped from the firm's general ledger run on Advent's Geneva®, BFG's shareholder system and client systems. It also aggregates the data and makes the calculations necessary to accurately populate the specific questions in the form.
"Our Registered Investment Adviser clients are realizing the benefits of working with their administrator on these new regulatory reporting requirements," said Chris Mulhern, Chief Operating Officer and President. "Clients recognize that Butterfield Fulcrum not only understands the big picture requirements, but also how certain questions relate to a client's operational practices. Butterfield Fulcrum's team is providing the commitment to detail necessary to handle these complicated filings."
In the third and fourth quarters of 2012, Butterfield Fulcrum will begin helping other clients to prepare for their Form PF, Form CPO-PQR, and Form CTA-PR filings. BFG's Form PF solution, which includes RSL extractors built by Advent to automate the extraction data from the general ledger, combined with BFG's assistance in reconciling and validating data and expertise is understanding how the requirements of the form relate to each fund, will help ensure a successful filing.
About Butterfield Fulcrum
Butterfield Fulcrum is a leading independent services provider with 25 years of experience servicing clients in the alternative investment industry. Butterfield Fulcrum provides a full service fund administration offering including front, middle and back solutions to hedge funds, fund of funds, managed accounts, private equity and real estate funds. The company services more than 350 clients and has 10 offices in nine countries and employs over 500 people. For more information, please visit www.bfgl.com.
About Geneva ®
Geneva®, a global portfolio management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real-time data. Geneva® offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva® visit https://secure.advent.com/info/geneva_livedemo.
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
About Data Agent
Data Agent, LLC is an innovative investment technology company headquartered in Berkeley, CA. Data Agent was founded in 2003 on the premise that investment data should be both centralized for consistency and directly support the end user's decision-support needs. The Data Agent Solutions support internal needs such as reporting, on-line inquiry, research, analytics, risk analysis, performance, attribution and compliance reporting requirements.
The Data Agent founders have more than 45 years of experience in financial services and investments technology. Our Customized Industry Suites simplify day-to-day P&L reports, consolidate transactions, analytics, research, and generates professional investment reports to clients. Data Agent has the real-world experience to integrate with your accounting and trading software packages. For more information on our services please visit www.dataagent.com.