MUGC Lux Management, the management company of Mitsubishi UFJ Global Custody, has implemented Linedata AIFMD Regulatory Reporting.
Currently, MUGC Lux management manages around 185 alternative investment funds (Cayman trusts and Luxemburgish structures). Therefore, it is the second largest Alternative Investment Fund Manager (AIFM) in Luxembourg, representing 10% of the Alternative Investment Assets under Management in Luxembourg in 2014. MUGC LM approach is to provide one stop shop solution in combination with MUGC to its clients.
The asset management industry continues to face enhanced complexities through the introduction of sophisticated investments, complex instruments and strategies, exposure and collateral management and liquidity issues. Since the introduction of the AIFM Directive in 2013, management companies have further been presented with regulatory filings which are often challenging and time-consuming. Data management is also a key consideration when meeting the regulatory reporting deadlines associated with the Directive. As a result, management companies need to incorporate controls that reduce their operational risk.
Linedata AIFMD Regulatory Reporting is an automated control suite which addresses all aspects of AIFMD workflow, while offering a customised and open framework to meet the specific needs of each client. The single solution combines the robust engines of Linedata Compliance, Linedata Navquest and Linedata Reporting. This allows MUGC and MUGC LM to centrally manage and control their risk and reporting on over 185 funds while adapting and responding to new regulatory needs. Using a centralized database, MUGC and MUGC LM are now able to calculate and review the data required for generating XML and PDF reports for AIFMD regulatory filings.
“Having worked with Linedata as a client since 2008, it was a natural step for MUGC and MUGC LM to further develop our relationship as we face new regulatory filings associated with the AIFM Directive,” says Jean-Francois Fortemps, Managing Director of MUGC LM. “With the vast amounts of data from multiple and diverse sources, it can be a challenge to identify the exact information required by the regulators. Working with Linedata’s experts, we are able to better understand the complex requirements of AIFM Directive and implement a solution to solve our reporting needs.”
“We are excited to further expand our relationship with MUGC LM by offering them a solution that addresses their on-going business and regulatory needs,” says Dan Burstein, COO of Linedata Front Office Asset Management. “As our clients continue to face a significant number of on-going reporting obligations to regulators and investors, it is important that we provide solutions that facilitate the creation, evaluation and approval sign-off to meet those reporting needs.”
Linedata Compliance focused on incorporating existing complex business requirements and workflows of compliance officers at fund administrators, global custodians and asset managers into a single compliance solution. Linedata Navquest provides financial institutions of any size with the means to streamline AIFMD reporting and the NAV validation process in an automated way. Linedata Reporting is a fully integrated solution that provides a robust reporting package with drag-and-drop reporting building tools, graphically rich management dashboards and auditable historical data retention.
