Northern Trust Hedge Fund Services has launched its Portfolio Analytics and Compliance (PAC) service.
PAC is described as a comprehensive guideline testing and portfolio metrics service allowing hedge fund managers, managed account platform sponsors, and other clients to monitor characteristics and guidelines at every level of their portfolios.
Said Peter Sanchez, head of Northern Trust Hedge Fund Services: “PAC goes beyond traditional compliance reporting. By leveraging the full range of data available in our systems, reports can support our clients’ needs from both a compliance and governance perspective. And because of the flexibility of our data model, reporting can be generated at every level of a firm’s structure, from total firm to individual fund to strategy to an individual trader or portfolio manager. With hedge fund managers focusing on enhanced risk management and managed account platforms growing in popularity, our clients require this level of post-trade analysis to ensure both sound oversight and compliance with investment guidelines.”
A recent Northern Trust Hedge Fund Services survey of hedge fund managers and investors found that more than half of all investors desired more transparency from their managers, even as many managers believe their investors to be satisfied with their current levels of transparency.
“Enhanced transparency and robust governance can be an important differentiator for alternative asset managers with prospective investors,” Sanchez said.