KNEIP, a Luxembourg-based service provider for the production and disclosure of legal, regulatory and contractual information for the fund industry, has unveiled an expanded service offering to assist asset managers meet the increased demands posed by regulation in Europe.
Over the course of 2013, KNEIP added new business lines including AIFMD transparency reporting and regulatory filing.
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In Q4 2013, KNEIP signed 73 agreements with investment managers collectively representing US$9 trillion in assets under management, which is around 14% of current worldwide investable assets.
Bob Kneip, CEO of KNEIP, said: "The asset management industry is set for fast growth over the next decade, with global investable assets set to hit the US$100 trillion mark by 2020. This presents a great opportunity for fund managers, but with constant changes in regulatory requirements there is a lot for them to address."
According to a research by KNEIP, the pace and volume of regulation was a major concern for fund managers last year.
Of those surveyed, 82% mentioned heavy regulation as the major challenge faced by the industry, while 42% identified AIFMD transparency reporting as a particular concern.
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By GlobalDataKneip added: "This is why we decided to launch a wider range of products to help fund managers at key points in the fund life-cycle, from fund-set up to operational and regulatory reporting.
"KNEIP has evolved in step with the fund management landscape and we will continue to improve and adapt our services to suit our clients."
