Northern Trust Hedge Fund Services Prepares Clients for Form PF Reporting

From BusinessWire: Northern Trust announced today that its hedge fund administration unit, Northern Trust Hedge Fund Services LLC, is actively working with its private fund clients to provide the data necessary for Form PF reporting.

With Northern Trust's single, global platform for operations and flexible data management capabilities, Northern Trust Hedge Fund Services is able to present portfolio and trade information as well as risk data from outside providers in a format suitable for Form PF reporting, a regulatory filing required of hedge funds, private equity and other private funds beginning this year.

"While Form PF presents a new requirement to our private fund clients, the data aggregation and regulatory expertise necessary to file Form PF are core strengths of Northern Trust," said Peter Sanchez, Chief Executive Officer of Northern Trust Hedge Fund Services. "Our hedge fund administration platform has a unique ability to capture trade level detail for equity, fixed income and derivative transactions in a single system that makes it easier for our clients to complete the requirements of Form PF. Moreover, our flexible solution gives clients the ability to choose their risk data provider…"

Wait, wait…there’s more where that came from at http://www.marketwatch.com/story/northern-trust-hedge-fund-services-prepares-clients-for-form-pf-reporting-2012-05-01