Indus Valley Partners (IVP), a provider of technology solutions to alternative asset managers, has added a standard 40 Act rules library within the IVP Polaris data warehouse.
This will enable fund managers to ensure their trading does not breach any limits imposed by the specific mandate they have received from investors.
The 40 Act library is the latest addition to the IVP Polaris data warehouse that already supports CLO compliance rules, UCITS fund compliance, and BDC compliance.
Currently implemented across 25 funds with a total AUM of USD225bn and over, IVP Polaris is designed for the alternative asset management lifecycle and the specific reporting and regulatory requirements of 40 Act marketed funds.
“The increased institutionalisation of the industry and the heightened level of regulatory oversight have led many hedge fund managers to extend their expertise into more traditional investment vehicles. The support for 40 Act reporting and compliance through the Polaris data warehouse reflects the commitment of IVP to provide its clients with solutions that drive their growth and support their fund platforms,” says Nikhil Tyagi, managing director at Indus Valley Partners.