INDOS Financial, the independent Alternative Investment Fund Managers Directive (AIFMD) depositary business, plans to use the FundApps Rapptr system to perform oversight over a hedge fund’s compliance with investment guidelines and AIFMD leverage limits.
Bill Prew (pictured), chief executive of INDOS Financial, says: “Monitoring a hedge fund's compliance with investment restrictions and AIFMD leverage limits will be a key element of our AIFMD depositary oversight duties. The FundApps Rapptr service will enable us to perform this monitoring in a regular and robust manner. By making the results available to our clients, it also demonstrates one of a number of ways our depositary oversight service will add value and differentiate INDOS from other depositary providers.”
Andrew White, chief executive of FundApps, says: “FundApps is delighted to be working with INDOS to provide a truly ground-breaking service. We are convinced that the integration of INDOS’ oversight services with FundApps’ Rapptr investment and leverage monitoring technology will prove to be a winning combination.”