Solutional supports Alternatives 4 Children27 September 2011
As part of our Corporate Social Responsibility program, Solutional will assist Alternatives 4 Children (“A4C”) with their administration and reporting as of 2011. The preparation of the annual report of the Alternatives 4 Children foundation is one of the services we will provide free of charge.
About A4C
A4C raises money by organizing networking events in the Netherlands involving participants of the alternative investments industry and their …read more
Solutional assists large asset manager22 September 2011
A large Dutch asset manager has engaged Solutional to assist with the preparation of the financial statements 2011 reporting process for their investment funds. Using our experience with financial reporting for investment funds and accompanied by best practices (as published in our annual research report Onderzoek verslaggeving beleggingsinstellingen 2010) Solutional assists the asset manager in setting up a comprehensive template which meets the requirements of law and regulations and advises on improving the financial reporting process.
Solutional celebrated her fifth year anniversary!20 September 2011
Together with its personnel, clients and suppliers, Solutional celebrated her fifth year anniversary last week. In the kitchen surroundings of Kookstudio 25 in Rotterdam everyone was eager to assist each other in making the evening very successful. We thank all that attended our celebration and look forward to our next anniversary.
Research report investment funds in the Netherlands15 September 2011
As of today our annual research report (in Dutch) on the annual reporting by public investment funds with an AFM licence is available on the website of Solutional. You can find it by using the link below or in the section surveys and articles. The objective of our annual research is to analyze whether the annual financial reporting of public investment funds with an AFM licence comply to the applicable law and regulation and to identify best practice which can be helpful for Investment managers when they prepare the annual reports of their investment funds. Key point is that we are concerned about the way risks related to financial instruments are disclosed in the annual report. We conclude that both quantitative and qualitative aspects of financial instruments are not adequately addressed and investment funds need to improve the disclosures about the use of financial instruments, their exposures and positions. Compared to last year we have not detected major improvements. Considering the general focus on risks next to performance nowadays, we expected to see this focus in the disclosures as well. Finally, we conclude that financial reporting of hedge funds is more transparent compared to traditional investment funds. See Onderzoek verslaggeving beleggingsinstellingen 2010 for the complete research report.
ISAE 3402 report Solutional Financial Reporting6 September 2011
Ernst & Young Accountants LLP has issued a positive assurance report attached to our ISAE 3402 report of SFR for the period 1 September 2010 through 31 August 2011. This is our first ISAE 3402 report and supersedes our report based on the SAS 70 auditing standard. Like previous years, the high quality of our processes are assessed and reconfirmed by EY. Also, the redesign of our report to meet the new requirements of ISAE 3402 has been successfully completed and approved.
Solutional provides backoffice assistance to asset manager
We are very pleased to announce that a Dutch asset manager has engaged Solutional Advisory Services to provide backoffice assistance for an initial period ending December 2012. An interim professional will assist the asset manager with bookkeeping, monthly reporting, semi-annual and annual reporting. Furthermore, assistance in improving the descriptions of the administrative processes is also part of the engagement.