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Tag Archives: mutual funds compliance

Moving Towards a Model-Driven World: Fund Roundtable Recap

Recently we had the opportunity to gather with asset managers and others in mutual fund operations in Boston for our annual roundtable, where we discussed many of the pressing issues changing our industry. We realize how difficult it can be to take a step back to evaluate how our industry is changing, so we’re grateful to have had the opportunity to hear from key companies and individuals to strategize on challenges and opportunities brought on by industry disruption. Read more

Unlocking Value of Mutual Fund Intermediary Transparency in 2019

Chief Compliance Officers (CCOs) certainly had a lot on their plates in 2018 – from MiFID II and GDPR to considerations around the DOL Fiduciary Rule and Liquidity Rule, there have been many pieces of regulation that have captured their attention and pushed them to implement new operational and technological structures to comply. I had the opportunity to share some of my thoughts from Delta Data’s perspective with Ignites for a recent article. The following is a summary of some of those thoughts, which centered on the importance of transparency data in intermediary distribution of Mutual Funds. Read more

Mutual Funds Omnibus Transparency – Lighting up the Black Cat in the Dark Room

The phrase, “knowledge is power,” takes on a special meaning when a paucity of knowledge leads to potential issues that leave a company fumbling around in a dark room, looking for a black cat, only to be saved when someone turns the lights back on. When Mutual Funds companies’ clients started moving away from trading in fully disclosed accounts to consolidated omnibus accounts, they lost their ability to monitor their fund trade activity. Compliance with prospectus defined rules became impossible to monitor and data became the black cat in the black room. However, due to market demand for more than summarized trade activity, transparency has reemerged within omnibus accounts. How this happened, who it impacted and what has been done to remediate the problem is the focus of this week’s journey into the fund industry’s Twilight Zone. Read more