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SEI enhances portfolio compliance system

SEI has expanded its proprietary Portfolio Monitor compliance system intended to deliver increased reporting and help money managers enhance the flexibility of portfolio compliance testing amidst ongoing regulatory changes and increasing investors’ demands.

SEI uses Portfolio Monitor to perform post-trade compliance testing for hedge fund managers, and recently transitioned its registered fund clients onto the expanded system from its predecessor programme, AdvisorAlert.

SEI’s Investment Manager Services division senior vice president and solution head Phil McCabe said that it facilitates additional reviews, offering more robust reporting capabilities with greater flexibility to adapt to changing regulations. It also helps investment managers stay ahead of escalating client demands across a myriad of product types and asset classes.

Portfolio Monitor is said to provide efficient control of mandate guidelines, fund disclosure requirements, best practice rules, and global regulatory restrictions, including those related to the UCITS IV Directive.

The tool is built on an open architecture platform and allows fund managers manage the tight guidelines associated with their investment processes.

The enhanced system allows for fund- and aggregate-level monitoring for greater compliance transparency into the investment management firm, the company said.

Portfolio Monitor interfaces directly with SEI’s accounting platforms and uses independent, third-party data feeds while compliance reporting, thereby supporting a massive testing and oversight across investment products.