SYS-CON MEDIA Authors: Roberto Medrano, Dmitriy Stepanov, Gilad Parann-Nissany, Srinivasan Sundara Rajan, Sean Houghton

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Channel Islands Based Investment Reporting Provider Enhance Group Selects Confluence for AIFMD Technology Solution

Confluence, a leading provider of data management and automation solutions to the global investment management industry, today announced that Enhance Group, a Jersey based investment consultancy firm, has selected Unity NXT™ AlFMD Transparency Reporting from Confluence as the technology platform for their AIFMD transparency reporting outsourced service.

“Considering the highly detailed and complex task of collecting and validating the data, calculating the responses and filing the reports electronically in the specific technical and language requirements of multiple regulators, we were looking for a robust technology solution that provided us with accuracy, control and a fully auditable process,” said Enhance Group Alternative Investment Consultant Nicola Le Brocq. “Confluence has deep expertise in alternative investment data management and automation and a proven track record with similar alternative investment regulatory reporting challenges, such as Form PF required by the Securities and Exchange Commission in the United States.”

As part of its Investment Reporting practice, Enhance offers risk analysis and reporting solutions specially tailored for the AIFM board of directors and risk committees to monitor risk material to the underlying funds. The Enhance Group’s AIFMD transparency reporting outsourced service is an efficient and cost effective complementary solution designed for AIFMs and their fund administrators.

With the Unity NXT AIFMD Transparency Reporting product Enhance Group can provide the expertise and technology to relieve their clients of the labour intensive demands of complying with AIFMD reporting requirements. “By outsourcing to Enhance Group, with our team of data management specialists to handle their AIFMD reporting needs, our clients can focus on their core duties as AIFM or third party fund administrator” said Le Brocq.

“As the transitional period draws to a close and the July deadline approaches, many alternative investment fund managers and their fund administrators are just now realizing the specialized complexity of the reporting requirement facing them,” said Melvin Jayawardana, Confluence European Market Manager. “With Unity NXT AIFMD Transparency Reporting, Enhance Group can ensure accuracy and control over the entire reporting process -- from the collection of data, to the calculation of answers, to the approval of the form, to the submission of the filing.”

About Enhance

Since Enhance was established in 2005 it has earned an exceptional reputation as one of the leading providers of investment oversight and reporting within the offshore services sector. Today Enhance who is a fully independent company works with over 75 fiduciary & corporate services companies in 9 jurisdictions. Our clients include trustees, boutique asset managers, charities, family offices and pension funds. For more information, visit www.enhance.je.

About Confluence

For more than 20 years the global investment management industry has come to trust Confluence to deliver innovative solutions to take the risk out of fund administration. Helping investment management companies gain unprecedented control, Confluence automates every step of the fund administration process—including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.

Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT platform, Confluence automates critical fund administration and reporting processes—such as regulatory reporting, financial statement preparation and performance reporting. Confluence solutions support a wide array of collective fund investment types – including European domiciled UCITS, alternative investments, traditional U.S. based ’40 Act mutual funds, and contemporary fund structures such as ETFs.

Headquartered in Pittsburgh, Pennsylvania, Confluence serves the international fund industry with key locations in Dublin, London, Luxembourg and San Francisco. For more information, visit www.confluence.com.

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