Virtusa, a US-based IT services company, has announced that its CSalt solution will now integrate seamlessly with Investor Analytics’ Risk Platform to streamline and simplify Alternative Investment Fund Managers Directive (AIFMD) Annex IV reporting.
By unifying Virtusa’s Compliance Suite for Hedge Funds and Alternative Investments (CSalt) with the risk platform, the company intends to provide a unique solution to alternative investment managers catering the AIFMD Annex IV prescriptive risk requirements.
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The requirements of Annex IV Reporting include various reports such as value at risk, stress testing, liquidity stress testing, DV01 and credit spread sensitivity.
Virtusa senior vice president for financial services consulting, Erik DiGiacomo, said that that the company has been working with advisors and compliance consultants since the launch of CSalt in 2013 to ensure that the solution meets their exact requirements.
"We’re pleased to partner with Investor Analytics for AIFMD Annex IV reporting. With the deadline for the European reporting fast approaching, we are not only well poised to help our clients in the alternative investment industry, but also committed to staying ahead of industry changes, and this enhanced version not only does that, but also adds user-friendly features that make it even easier to use," added DiGiacomo.
The features of the new suite include a new chief compliance officer (CCO) task management tool with checklist, calendar, document management, work-flow and e-mail notification options, besides providing Form PF and CPO-PQR.
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