9 May 2013
DataArt Launches Free Form PF Software for Hedge Funds
Advanced Trading writes a story on Form PF, a free software from DataArt for more efficient and reliable filing process for hedge funds.
"According to DataArt, Form PF is a challenging regulatory requirement for the hedge fund industry, as investment advisors continue to be overwhelmed by the time and effort it takes to collect, aggregate and validate filing data.
The company contends that firms have previously relied on expensive and inefficient licenses from software providers to file, or even attempted the strenuous process of filing manually. DataArt’s free Form PF software simplifies the implementation of automated filings for the creation, editing and approval of the form, the company said.
“This application is the first in a line of our complimentary solutions to help buy-side firms overcome new regulation requirements and optimize the cost of compliance reporting,” said Oleg Komissarov, an SVP at DataArt, in today’s announcement. “In the future, we will be releasing solutions in response to other reporting requirements, including AIFMD, FATCA, CPO-PQR and OPERA. We look forward to continuing to elevate the industry’s response and fluid adaptation to regulation challenges through collaborative, professional and cost-effective methods.”