It may have taken a while, but portfolio analytics and data solutions vendor StatPro has finally bagged a client for a global rollout of a software as a service (SaaS) version of its GIPS compliance solution. The vendor upgraded its platform to be enabled to offer its solutions in a SaaS format at the end of 2008 (see our coverage 
This week the US Securities and Exchange Commission (SEC) has added another set of proposals to its regulatory to do list, this time in the form of new reporting requirements for money market funds. The rules, should they be passed, would require these funds to regularly report their net asset value (NAV) to the regulator, a turnaround from the current situation where these funds are often treated in a similar manner to cash and carry a steady value of US$1 a share. The proposals are likely to prove unpopular with the market as a whole and would entail a data challenge in tracking pricing and valuations data on a monthly basis, as well as impose changes to the way ratings data is used and introduce new stress testing requirements.
Institutional investors investing in the hedge fund market are more concerned about issues around pricing transparency and liquidity risk than ever before, according to a recent survey conducted by investment management solution vendor SEI and consultancy firm Greenwich Associates. These issues have even surpassed concerns over poor performance of these funds, says Phil Masterson, managing director for SEI’s Investment Manager Services division.
UK-based investment manager Emergent Asset Management has signed up for Imagine Software’s internet-based risk management service, Derivatives.com. The vendor, which last had a risk management win in September with Paris-based Mereor Investment Management and Advisory (see 
The Committee of European Securities Regulators (CESR) has published a new paper in order to provide firms with technical advice for data formats regarding fund mergers, master-feeder structures and notification procedures under UCITS IV. The advice has taken into consideration industry feedback on the measures, following a consultation period that ended in September, and indicates that more advice will be forthcoming regarding a central IT structure for data sharing between member states.
In line with its recent focus on real-time risk management, Sybase has teamed up with investment portfolio risk management solution vendor Siag Risk Management to develop an offering aimed at providing real-time, on demand and intraday visibility of investment portfolio risk. Stuart Grant, business development manager at Sybase, explains that strategic technology partnership will involve a combination of Siag’s grid enabled calculation engines and two of Sybase’s flagship products.
A-Team Insight Exchange is a new event series for 2010, which will combine A-Team’s expertise in financial markets IT with thought leadership from world-class technology innovators and practical experience from financial market practitioners.
A third of the 50 hedge funds involved in a recent survey commissioned by Omgeo and conducted by Greenwich Associates have invested in improving their valuations and accounting systems, with many more focused on reducing counterparty risk. The fallout from the financial crisis and the intense regulatory and client scrutiny of the hedge funds market has inspired these funds and their managers to invest in their technology infrastructures to improve their risk management and transparency, according to the survey.
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