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December 21, 2011updated 04 Apr 2017 3:44pm

SEI unveils Form PF reporting services

SEI has launched a new service designed to assist SEC-registered investment advisors of private funds in meeting their Form PF obligations.

By BBR Staff

Form PF, which was recently adopted by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), requires SEC-registered advisors to hedge funds and other private funds with at least US$150 million in private fund assets under management to report information to the Financial Stability Oversight Council (FSOC) to enable the FSOC to monitor risk to the US financial system.

After consulting industry experts and performing considerable analysis, SEI developed a new service that will help private fund managers minimize the time and costs in filling the requirements demanded by Form PF.

"Form PF calls for a level of disclosure that is unprecedented in the private funds industry. Although Form PF is legally complex and operationally challenging, SEI’s robust multi-asset class data management process, pulling from multiple accounting engines, will help private fund managers deliver accurate and properly aggregated data to the regulators," stated Phil McCabe, senior vice president and solution head, SEI’s Investment Manager Services division.

While the required data can be produced in a Form PF template to accommodate the regulators’ specific requirements, the data will also be available to SEI’s clients via its proprietary Manager Dashboard reporting tool for additional analysis and retention.

SEI’s Form PF service offering is available to all of its investment manager services clients.

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