FE fundinfo snaps up Matterhorn Reporting Services to boost AIFMD reporting capabilities
UK-based financial data firm FE fundinfo is looking to bolster its European regulatory reporting capabilities with its acquisition of Matterhorn Reporting Services, a Dutch software provider specialising in Alternative Investment Fund Managers Directive (AIFMD) reporting solutions, for an undisclosed sum.
FE fundinfo buys Matterhorn Reporting Services
The AIFMD was devised by the European Parliament in 2011 as a means of regulating alternative investment funds (AIFs) to provide additional investor protections.
Matterhorn Reporting Services, based in Utrecht, assists asset managers and service providers in complying with the directive’s data collection requirements through its Software-as-a-Service (SaaS) reporting solutions.
Clients are provided access to pre-prepared templates for creating AIFMD reports and are supported through automated regulator feedback and error mitigation tools.
FE fundinfo will now integrate this capability into its own data solutions, with the company saying its clients will “benefit from improved efficiency, reduced operational costs and enhanced compliance accuracy, consolidating all reporting needs in one place and having access to solutions beyond the Undertakings for Collective Investment in Transferable Securities (UCITS) space”.
The acquisition of Matterhorn Reporting Services will build upon FE fundinfo’s purchase of AdviserAsset in September, from which it acquired a suite of fund analysis, performance reporting, model portfolio management and compliance tools.
Prior to this, FE fundinfo also bought wealth management fintech Dericon in May.
