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LGT Capital Partners teams with Accelex to add fund financial statement processing

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Accelex, a SaaS platform for alternative investment data management, has expanded its relationship with LGT Capital Partners (LGT CP) to support the processing of a new document category: fund financial statements.

Accelex, a SaaS platform for alternative investment data management, has expanded its relationship with LGT Capital Partners (LGT CP) to support the processing of a new document category: fund financial statements.

Accelex will enable LGT CP to automatically extract a comprehensive set of financial and non-financial metrics from these documents supporting a range of additional investment use cases including the calculation of Total Expense Ratio (TER), a regulatory requirement in Switzerland.
 
The addition of fund financial statement processing within Accelex will allow LGT CP to automate a number of private market fund investment use cases including calculating the TER of the fund. This data must be published in accordance with Swiss law to ensure the highest possible pricing transparency, thus improving the overall basis for investment selection. With Accelex, investors like LGT CP will be able to calculate TER automatically and accurately, which historically has been a laborious manual process.

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