The ’40 Act Solution: Easily Monitor Compliance for Liquid Alternatives
TS Imagine maintains a comprehensive database of their client’s portfolio data. What we’re best at is figuring out how to aggregate that data for an investor or the government in a way that allows us to provide limit data and transparency. We’ve become adept at reacting to the government and clients quickly with new aggregations of information.
One way TS Imagine has recently reacted is the development of our ’40 Act Solution. Bridging the gap between traditional and mutual fund requirements, this innovation provides flexible risk management solutions for a highly-regulated investment environment.
Clients were looking for a solution that handled both the functions of portfolio and risk management while maintaining government compliance. The liquid alternative investment arena has grown rapidly, catching the attention of the SEC. TS Imagine’s ’40 Act Solution provides critical information managers want (and need) to view within a flexible, customizable dashboard. The dashboard performs essential functions like:
- Drills down to see and correct real-time limit breaches
- Creates alerts for positions that are nearing limits
- Tracks trades that keep the fund in compliance
- Creates a watch list to capture risk across an entire portfolio
- Stresses the portfolio against many historical market events to see how they would impact the portfolio
We collaborated with Larch Lane Advisors to address the technological challenge of implementing a flexible system that could monitor compliance with specific regulations for liquid alternatives. Our focus was to provide a solution that combined traditional risk management with accounting capabilities, a combination not typically found in most risk management software.
We’ve been doing this for twenty-one years and TS Imagine really leads the way in reacting and evolving to the constant changes occurring in the market. Our consultants make sure clients turn those changes into opportunities.
Trever Evans has been with TS Imagine for eleven years and has been participating in scoping, development, and implementation of larger scale initiatives for TS Imagine. He holds an MS in Quantitative Financial Economics from Oklahoma State University. He is currently Director of Consulting for TS Imagine.
Contact Trever by email or phone: 646-827-4483.
Historical VaR (HVaR) has become a standard measurement of risk. Many firms now require a full twelve years of prices (plus data from further back such as the Great Recession of 2008–2009). However, this requirement introduces a conundrum: what do we do when a company has not been around for a full twelve years?
TS Imagine is proud to announce that we have been ranked no 1 in the Technology and Techniques category by Chartis Research in the Chartis RiskTech Buyside 50 report.
HVaR, By Dr Lance Smith, Chief Strategy Officer, TS Imagine Historical VaR (HVaR) has become a standard measurement of risk, in which a current portfolio is subjected to the market conditions of a prior day and the resulting P&L is recorded. Read entire article here.