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MPMF Expands Service Offering with Technology Enhancements

06 Aug 2020

MPMF Fund Management (Ireland) Limited ("MPMF"), the Maples Group's alternative investment fund manager and UCITS management company, has announced a series of technology enhancements in response to evolving client demands and regulatory requirements. The new systems infrastructure includes a blend of proprietary applications as well as industry-leading market technologies to support the delivery of MPMF's innovative solutions for alternative investment and UCITS funds. 

Since coming into full effect, the AIFMD and UCITS directives have posed significant challenges to fund managers and investors, mandating compliance with new and extensive authorisation and ongoing operational and transparency requirements. With a spate of new regulation expected later this year, including additional risk reporting requirements such as enhanced liquidity stress testing, managers who are looking to establish operations and/or market their funds in the EU may require support to effectively build out local fund management activities, demonstrate adequate substance and ensure compliance with ongoing regulatory requirements. 

As clients around the globe and across a broad range of investment strategies have leveraged MPMF's solutions for local management support and the fulfillment of regulatory obligations, including compliance with the AIFMD and UCITS directive, they have also incorporated many of the MPMF platform capabilities into their in-house operational and compliance workflows. To further support the needs of these client MPMF has now implemented an industry-leading portfolio accounting system, Advent’s Geneva®, to maintain investment books of record. Geneva is a fully integrated, multi- currency, portfolio accounting system that is specifically designed to handle high trading volume and to account for complex financial instruments. 

In addition, MPMF has implemented MSCI Risk Manager as a fund risk system to provide a wide range of portfolio risk analytics including investment restrictions monitoring along with exposure, leverage and Value at Risk reporting as well as portfolio and liquidity stress testing. This solution will further enhance MPMF's fund risk management oversight and will complement MPMF's existing proprietary portfolio, risk and regulatory reporting solutions.

"With a rapidly evolving regulatory environment and increasing demands from regulators, investors and managers, operational efficiency has become more important than ever," said Catherine Lane, Senior Vice President. "We are proud of our ability to marry our deep industry expertise with market-leading technology. This is a formidable combination and ensures clients can continue to confidently rely on MPMF's solutions in respect of the operation of their funds."

"Across the Maples Group, we have a proven track record in designing and implementing data management portfolio accounting and portfolio analytics for investment managers and institutional investors," said Tyler Kim, Global Head of Fund Services. "We have now further enhanced and tailored our solutions in response to our clients' evolving needs and to offer solutions that transcend typical management company deliverables and can supplement their in-house capabilities."

MPMF's flexible full-service offering is delivered by an experienced team of professionals with an in-depth knowledge of regulatory compliance, investment management, fund risk management, operational risk management, capital and financial management and distribution matters. As part of the Maples Group, MPMF also integrates with a comprehensive suite of services and expertise across legal, fiduciary, fund, entity formation and management, and regulatory and compliance services.

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