J.P. Morgan Worldwide Securities Services launched Alternative Investment Reporting, a new interactive portal enabling alternative asset managers across hedge fund, private equity and real estate strategies to view, analyze and extract their fund administration data from dashboards, workflow tools and reports.
It is the latest addition to J.P. Morgan ACCESS, the firm’s web-based platform for multiple information, compliance and portfolio management applications.
“As a result of an increased regulatory focus coupled with expanding investor and portfolio demands, our top priority is to provide clients with easily accessible real-time secure information that is essential to their business objectives,” said Maryann Simmons, alternatives market executive for the Americas for J.P. Morgan Worldwide Securities Services. “As such, J.P. Morgan continues to invest in new technologies and rapidly expand upon existing solutions in order to meet the evolving needs of our global alternatives client base.”
The bank says its new technology facilitates consolidation of data and generation of reports across alternatives products via a single reporting platform irrespective of fund structure. The portal also includes a comprehensive workflow module, which provides clients with the ability to monitor the progress of key operational processes.
Stephanie Miller, global head of alternative investment services for J.P. Morgan Worldwide Securities Services, said in a statement: “Alternative Investment Reporting is an integral part of our alternatives roadmap as it provides our hedge fund, private equity and real estate clients with a single front-end interface irrespective of fund type. This solution highlights our continued commitment to providing two-way communication and transparency to our fund administration clients.”
Key features and benefits include a dashboard that provides access to top holdings, top capital flows and workflow status among other things, without the need to run a full report.
It also allows clients to monitor key operational processes and deliverables such as valuations and capital events. Enables clients to actively participate in the workflow process by uploading/downloading reports, providing on-line approvals, rejections and commentary.