Asset Managers are required to adhere to investment restrictions. Such restrictions can originate from regulations such as UCITS, fund prospectus and related documents, or from investment management agreements. If these restrictions are not adhered to, the implications can be financial if the client or fund is impacted by a market move resulting in loss, but may also be reputational since a violations is frowned upon investors and regulators.
All Asset Managers will have a team of specialists who monitor adherence to such restrictions. These teams vary in size from 2 up to 80 for large houses. The team has the responsibility of extracting restrictions from documents such as Investment Management Agreements, prospectuses and regulations, interpret these and then code them in to an Order Management System, where they attempt to prevent violations at pre and post trade stages. This process is entirely manual and as a result subject to the risk of human error. It is also usually unclea...
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All Asset Managers will have a team of specialists who monitor adherence to such restrictions. These teams vary in size from 2 up to 80 for large houses. The team has the responsibility of extracting restrictions from documents such as Investment Management Agreements, prospectuses and regulations, interpret these and then code them in to an Order Management System, where they attempt to prevent violations at pre and post trade stages. This process is entirely manual and as a result subject to the risk of human error. It is also usually unclea...
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Spencer Landau
CEO
Ambitious, enterpreneurial individual with integrity and wants to do business the right way. I like simplifying problems that seem complex.