There’s no escaping it. The regulatory tsunami that followed the financial meltdown continues to ripple throughout the industry. No financial sector or region is spared.
While asset managers are over the hump implementing the mandates of several directives such as UCITS V, there’s still more on the table for 2017. MiFID II, AIFMD, MLD4, CRS and FATCA are some of the ‘alphabet soup’ regulations whose impact will continue to saddle the investment community with operational headaches and increased costs throughout the coming year.
Here’s a brief look at what to expect in 2017.
How to Mitigate the Risk of a Cyberattack
Cybercrime is on the rise. While data breaches at large organizations from SWIFT to the IRS make front-page news, no company large or small is immune. Hedge funds, fund administrators and other firms whose success is built on trust and establishing strong investor relationships stand a lot to lose from a cyberattack. If data integrity or client privacy is compromised, the long-term reputational scar on the firm can far outweigh any monetary cost.
And it’s not just client information that is at risk. Cybercriminals have been known to commit data piracy—stealing a company’s proprietary algorithms and other important information and holding it for ransom.
To lessen the chance that your firm becomes another cyber statistic, here are some of the key risks and how to safeguard against them.
Kangaroos, Koalas and Fundcount
FundCount is excited to announce the implementation of our first Australian client: Ivany Investment Group (IIG). Headquartered in Sydney, this single family office was founded in 1999 by Peter Ivany, the former chief executive of Hoyts Ltd. IIG is using FundCount to support its complex portfolio of investments, including private equity, real estate, fixed income, alternatives and other asset classes.
According to IIG’s Chief Financial Officer, FundCount’s integrated system has reduced the time spent on manual tasks by more than 50%. The software streamlines operations and reporting, enabling the office to achieve the high level of automation they were seeking.
We are delighted to welcome Ivany Investment Group to the ever-expanding FundCount family.
Meet Our New Team Member
Please join us in welcoming Gregory Brown, the newest member of the FundCount team. In his role as Implementations and Consulting Manager, Greg will be responsible for new client implementations, ensuring projects proceed smoothly and according to schedule. He will also build FundCount’s consulting business to help clients optimize the value from their investment in FundCount software.
Greg is a seasoned professional with over 20 years of experience in investment management, accounting and technology. He comes to FundCount from Eagle Investment Systems, where he was Manager and Principal Consultant responsible for implementing an array of Eagle products.
A native of Massachusetts, Greg is an avid football fan and New England Patriots season ticket holder. Greg and his wife, Beth, have a two-year old son and are preparing for sleepless nights as they anxiously await the birth of their second child – another son – at the end of January.
Greg will be based in the Boston office. He can be reached at email@example.com or 617-651-5760 x209.
February 28, 2017
Family Wealth Report 2nd New York Family Office Fintech Summit
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Awards and Accolades
FundCount is honored to have been shortlisted for the following awards:
Private Asset Management Awards 2017
Best reporting solution, Best technology platform
HFM US Hedge Fund Technology Awards 2017
Best fund accounting software
Family Wealth Report Awards 2017
Best accounting software
Founded in 1999, FundCount provides integrated accounting and investment analysis software that improves operational efficiency and delivers immediate, actionable intelligence to clients around the globe. Today, over 100 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide with assets totaling more than US $75 billion rely on FundCount for accurate, timely information and flexible reporting. FundCount supports its growing client base from the company’s U.S. headquarters and five additional international locations.