Solutional engaged by a leading asset manager8 February 2012
Solutional is engaged by a leading Dutch asset manager to support them with the preparation of their segregated account reporting for pension funds and contracts (Asset pool reporting and RJ610 reporting) for the coming three years. These reports are used by pension funds to enable them to report to stakeholders about their investment mix, risks and performance. Next to the annual, semi-annual and regulatory reporting landscape, this engagement represents another service line through which we provide Value through Expertise to our clients.
Prolongation Solutional Academy’s accreditation28 November 2011
Cedeo, the independent accreditation firm hired by the Royal Dutch Institute of Chartered Accountants (NIVRA), released its audit report on Solutional Academy’s organization and client satisfaction today. We were informed that Cedeo will advice NIVRA to prolong Solutional Academy’s accreditation till 2016.
Solutional engaged to provide audit assistance16 November 2011
We are proud to announce that Solutional is engaged to provide audit assistance for both financial audit related activities as process audit related activities. For the current year and the first half year 2012 a big four audit firm and several asset managers are using the expertise of Solutional in its financial closing- and audit processes. …read more
Future rules for alternative investment fund managers
ESMA publishes today its final advice on the detailed rules underlying the Alternative Investment Fund Managers Directive (AIFMD) (also referred to as Level 2 implementation). The rules proposed by ESMA will establish a comprehensive framework for alternative investment funds, their managers and depositaries. See the press release for further information. The complete text is available here.
We are currently working on the update of our Elearning modules to implement the Level 2 requirements. See for further information, www.solutional-academy.nl.
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.