INDOS Financial, the independent Alternative Investment Fund Managers Directive (AIFMD) depositary business, has said that it will use the FundApps Rapptr system to perform oversight over a hedge fund’s compliance with investment guidelines and AIFMD leverage limits.
Bill Prew, CEO of INDOS Financial, commented "Monitoring a hedge fund’s compliance with investment restrictions and AIFMD leverage limits will be a key element of our AIFMD depositary oversight duties. The FundApps Rapptr service will enable us to perform this monitoring in a regular and robust manner. By making the results available to our clients, it also demonstrates one of a number of ways our depositary oversight service will add value and differentiate INDOS from other depositary providers."
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Andrew White, CEO of FundApps, commented "FundApps is delighted to be working with INDOS to provide a truly ground-breaking service. We are convinced that the integration of INDOS’ oversight services with FundApps’ Rapptr investment and leverage monitoring technology will prove to be a winning combination."
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