Comada’s M.A.T.ware software now upgraded to meet integrated cash management and liquidity reporting demands for hedge fund investors and custodians.
Hedge fund software developer Comada has released a new update for its award-winning M.A.T.ware technology for investors in alternative funds. Available immediately to Comada clients, the update meets the new reporting requirements of regulators, allowing investors and service providers to manage fund transactions without disruption.
The new release fully integrates cash management by combining cash from FX dealing, credit and position exposures into comprehensive view and projection features. It also includes enhanced liquidity features which recognise that hedge fund investors increasingly invest in a wide variety of illiquid assets like private equity and less-liquid securities. Recognizing the impact on both sides of the balance sheet, the release also delivers asset / liability management reporting to assist organisations in managing those risks that may arise from mismatches in liquidity.
The release also recognises the new reporting requirements around liquidity of portfolios as introduced by the Alternative Investment Fund Managers Directive (AIFMD). M.A.T.ware now delivers enhanced and standardised reporting around the delivery of liquidity information and also includes a UK Financial Conduct Authority reporting module to meet FCA Client Assets (CASS) requirements.
Said Dave Shastri, co-founder of Comada: “The global regulatory environment for both investors in hedge funds and their custodians has changed enormously in the last few years. Comada has been reacting to this by enhancing both the suite of regulatory reporting tools we make available to our clients, and the detailed cash management and liquidity data they require to support that reporting.”
Rupert Vaughan Williams, co-founder of Comada, added: “While prized for its straight-through-processing capabilities, Comada’s M.A.T.ware software is also highly regarded because of the additional live portfolio data it delivers to hedge fund investors. Our latest release allows this data to be used to meet new regulatory demands in an efficient and timely manner.”
Launched in 2006, Comada’s M.A.T.ware software is in use by hedge fund investors and custodians as both a hosted or internal solution for the management of portfolios of hedge funds and other alternative assets. It has won industry plaudits for the level of detail it delivers on actual and hypothetical portfolio liquidity and for secure electronic trade processing.