SOURCE: FinServ Consulting

FinServ Consulting

November 12, 2014 08:30 ET

FinServ Consulting Announces Hedge Fund CFO Roundtable Findings on the Outsourcing of Regulatory Reporting and the Impact of Basel III

Hedge Fund CFO Roundtable Session Highlighted the Value of FinServ Consulting in Meeting the Diverse Needs of Alternative Asset Management Firms

NEW YORK, NY--(Marketwired - Nov 12, 2014) - FinServ Consulting LLC, an independent experienced provider of systems integration, systems development and business consulting services for alternative asset management firms and service providers, today released findings from its semi-annual CFO Roundtable for alternative asset management firms.

Held on October 21, 2014, the FinServ Hedge Fund CFO Roundtable hosted 10 CFOs from alternative asset management firms with AUM ranging from $1 billion to $20 billion as they discussed the trends and issues in the areas of the outsourcing of regulatory reporting and the impact of Basel III requirements on funds relationships with their prime brokers and custodians. Presentations were delivered by Howard Weinstein, Managing Partner of FinServ Consulting and Craig Stein, Partner, Schulte Roth & Zabel.

Findings on the Outsourcing of Regulatory Reporting
In the area of the outsourcing of regulatory reporting, feedback from the FinServ CFO Roundtable included the following:

  • Approaches to managing Form PF have changed over time, evolving with the ever-expanding and dynamic regulatory and investor requirements
  • One-in-three CFOs prefer to manage regulatory reporting in-house to oversee data through the creation of data management platforms (or regulatory data marts)
  • A majority of the fund CFOs expressed high demand for cost-effective solutions to support regulatory reporting
  • CFOs agreed that there isn't a "one size fits all" solution for regulatory reporting

FinServ supports alternative asset management firms' in-house and outsourced regulatory reporting choices with extensive regulatory expertise and a consultative approach.

FinServ client and CFO Roundtable attendee, Kevin Treacy, Chief Financial Officer and Chief Operating Officer for Premium Point Investments commented, "Our firm is really focused on meeting our regulatory requirements in a cost effective manner. FinServ has been a trusted partner in helping us meet those goals. They strike the right balance between technical expertise and great industry understanding."

Cameron Hillyer, CFO of MatlinPatterson Global Advisers, agreed. "FinServ's project management approach and service offerings really provide great value for us in helping to deliver on key projects within our organization."

Findings on the Impact of Basel III
On the topic of Basel III and how it impacts the custodian/prime broker (PB) and hedge fund relationships, the FinServ CFO Roundtable cited the following:

  • The majority of CFOs plan to re-evaluate their existing PB relationships
  • The CFOs also agreed that while consolidation of PBs is likely, a move that returns to the single PB model that existed prior to the financial crisis is not

Event attendees were impressed by the depth and insight of the FinServ CFO Roundtable. "The attention to detail that FinServ put into the presentation really resonated and was consistent with the type of business FinServ runs and the quality of their work," said Greg Essner, CFO of Trian Fund Management.

"Research was clearly done and that effort clearly contributed to value of the evening's discussions. I am a participant on a number of industry panels and I have to say FinServ's event was right on par with the best I have attended," added John Torell, CFO of Tudor Investment Corporation and board member of the MFA.

"Our mission is to help asset management firms and their service providers derive more value throughout their operational and financial processes," said Weinstein. "Our quarterly roundtable events have been designed to provide a collaboration forum for fund executives to share their expertise while gaining new knowledge to build success together."

The FinServ Consulting CFO Roundtable will be held twice a year. On alternating quarters, FinServ Consulting will also host a CTO/COO Roundtable to discuss topics that impact the technology trends they face. For a complete report of the October 2014 FinServ CFO Roundtable, please visit: CFO Roundtable Report

About FinServ Consulting
FinServ Consulting is an independent experienced provider of business consulting, systems development and integration services to alternative asset managers and their service providers. Founded in 2005, FinServ delivers customized world-class business and IT consulting services for the front, middle and back office, providing managers with optimal and first-class operating environments to support all investment styles and future asset growth. The FinServ team brings a wealth of experience from working with the largest and most complex alternative asset management firms in the world. For more information visit:

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    Howard Weinstein
    FinServ Consulting
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