GlobeOp today announced its managed accounts services now offer greater operational transparency and independently reconciled fund data through a suite of customisable, daily web-based reports.
GlobeOp’s managed accounts services are designed to increase operational transparency and produce risk analytics generated from the same independently valued and reconciled trade and position data used to calculate the fund net asset value (NAV).
The customisable reports are the first in a series of new, web-based managed account reports, available on a per fund or aggregate basis. Daily data includes portfolio positions, previous day trades, position and cash breaks, prime broker exposure, total exposure, trade expiries, corporate actions, risk analytics, fund NAV and P&L.
Managed account investors are able to access reports for their overall fund portfolio and can permission individual fund managers to view the same data for their own funds.
"We worked closely with several of our large managed account platform clients and their investors to identify customisable reports that enhance their internal controls and portfolio management," said Vernon Barback, president and chief operating officer at GlobeOp. "Managed account relationships require a significant, scalable infrastructure to process trades, analyze risk and provide the data required by platform sponsors, fund managers and investors. This consolidated web-based viewing package is one example of how we use our advanced technology platform to offer consistent, independently reconciled data faster. As investors increasingly turn to managed account platforms, we’ll continue to push technology innovation to improve data transparency, speed and consistency."
GlobeOp serves more than 100 managed account clients – both funds and investors. Its managed account platform services – GoMAP(tm) – offer independent middle- and back-office services, risk services and daily, in-depth data and reporting tools. Funds and investors are both able to monitor individual and aggregated fund performance, operational controls and risk.
