KPMG: Investment Advisers Faced with New Regulatory Requirements Get Help

By Rob Starr, Content Manager, Big4.com

In January, the Securities and Exchange Commission (SEC) issued a final rule under the Investment Advisers Act of 1940 that requires certain investment advisers, who advise one or more private funds and have at least $150 million in private fund assets under management, to file Form PF. In response to that, KPMG LLP, the audit, tax and advisory firm, and a leader in the Financial Services sector, has formed an alliance with Axiom Software Laboratories, Inc. (AxiomSL), a leading global provider of regulatory reporting and risk management solutions, to address these new regulatory requirements.

Working together, KPMG and AxiomSL have developed an innovative technology solution based on their deep knowledge of Form PF requirements and the Alternative Investment industry.

Atif Zaim,  KPMG LLP’s U.S. Financial Services leader for management consulting clarifies:

“The flexibility of the technology platform will not only help facilitate investment managers’ compliance with Form PF but will also enable them to extend the platform’s capability to help satisfy internal risk management and client reporting requirements,” he said.  “This extended functionality will be important at a time of convergence between regulatory, client and internal risk reporting,” said Rabih Ramadi, KPMG’s Investment Management lead for management consulting.”

KPMG’s Alternative Investments practice is comprised of audit, tax, and advisory professionals with deep industry experience across the broad range of alternative investment funds, including hedge funds, private equity funds, infrastructure funds, real estate funds and funds of funds.