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Transforming
Investment Operations
OVERSIGHT FOR FUND MATTERS
OVERSIGHT is a cloud-based technology solution, enabling the fund manager to transition to a lean and independent oversight model.

See how OVERSIGHT is transforming everyday operations
THE VISION
Introduction to the Business and Product Vision
OVERSIGHT is a cloud-based technology solution, enabling the fund manager to transition to a lean and independent oversight model, largely eliminating their internal operations. Providing timely transparency across providers and industry-intelligently validated and augmented data right into the fund manager's systems. While supporting effective collaboration between the parties with all the controls to retain full accountability.

Infonic has a long track record working with some of the best known and largest names in alternatives fund management and administration. Our core HedgeSphere products help fund managers plan, execute and track their investments in alternatives, project liquidity, accurately calculate fund valuation and performance as well as manage the fund's investor side.

At our clients and across the market we have seen growing dissatisfaction with the way fund managers are working with their service providers. We found that oversight is the operating model of choice for the parties and it needs to address the following:
Easily Source Information
Enable the fund manager to easily source more information on a timely basis across their service providers. And – applying all controls required – provide it right into their own systems for investment management and investor reporting duties.
Quality Assess & Augment Data
Map external onto internal information and quality assess and augment data applying industry intelligence. Enabling the fund manager and their service providers to resolve breaks and inconsistencies collaboratively on shared data.
Collaborate to Get it Right
Allow service providers to do more for their clients, do it transparently, in a timely and quality assessed way, collaborate with their clients, both data and process wise, while dramatically upping internal efficiency.

Current attempts at solutions – whether technology, service or a combination thereof – are fundamentally flawed. We've rethought how to leverage latest technology around our deep understanding of the industry and as a product vendor built our completely new technology solution OVERSIGHT.

YOUR BUSINESS
How can OVERSIGHT Help Your Business
OVERSIGHT creates a new way of cloud-based, industry-intelligent collaborative working for fund managers, asset owners and service providers.

Implementing the OVERSIGHT product allows the fund manager to move from internal operation to a lean and accountable oversight operating model as a foundation for their main duties, investment management and investor reporting.

Most companies look for a gradual yet highly cost-effective transition to oversight, potentially multiyear, rating risk as their prime concern. OVERSIGHT is designed to allow for a custom-tailored, value/risk driven adoption path. Following are a few illustrative cases how our customers are putting the product to use. These are in arbitrary order and may easily be combined.
USE CASES
Choose a Task and Discover Real World Effectiveness
Our Use Cases highlight the transformative capability of OVERSIGHT
Collecting and Validating Investment Prices and Performance
Aim: Transitioning ops work from the Fund Manager to the Administrator
The fund manager desires to remain on top of its investment positions throughout the month without the need to independently collect pricing information.

Responsibility for data collection is moved to its administrator with OVERSIGHT ensuring no compromise is needed on timeliness and quality of data.

OVERSIGHT makes this change of responsibility possible by:
  • Providing ongoing access to latest pricing information collected by the administrator, collaboratively mapping these onto the fund managers security master
  • Assessing quality of received data, identifying potential issues and ensuring only validated information is passed into the fund managers' own systems
  • Allowing real time collaboration with the administrator, addressing issues as they arise, autoresolving any breaks by data retransmitted after correction at source
Estimating NAV from Investment GAV & Validating against Administrators
Aim: Eliminating "to-the-cent" ops work at the Fund Manager by employing an engine to produce industry-intelligent approximations
The fund manager wants to remove its shadow accounting function. At the same time, it wants to retain the ability to understand fund performance at all times as a basis for its investor reporting. And continuing to scrutinize administrator produced NAVs.

OVERSIGHT removes the need to maintain a shadow book of records by:
  • Sourcing investment book of records (IBOR) from service providers on an ongoing basis directly from their systems, mapped against the fund manager's security master
  • Estimating – by applying deep industry intelligence – ongoing NAV including expenses, fees and P&L allocation across share classes, series and investors. On the basis of latest IBOR, prior official admin valuation and portfolio setup data
  • Providing the estimate data for investment management and investor reporting, in the required form, timeliness and quality, across providers, right into the manager's systems
  • Reconciling administrator-produced official NAVs and investor balances with internally estimated numbers, flagging only outliers for further investigation
Optimizing Full-Lifecycle Trade Flow & Synchronizing Fund Masters
Aim: Create central point of truth for Fund Manager and Administrator on shared information
The administrator wants to provide ongoing transparency on trades in execution while getting timely notification of investments the manager contemplates making. Eliminating the need for email and file exchanges on trade status. And allowing the administrator to on-board new funds ahead of time.

OVERSIGHT improves transparency on trade flow and allows for a distributed fund master by:
  • Notifying the administrator of intended subscriptions into new funds, allowing for setup (including legal checks, preparing subscription docs, etc.) and mapping ahead of time
  • Acting as the hub and repository for all trade instructions sent by the manager including amendments and cancellations, available to the administrator's trade execution system
  • Collecting and sharing all updates over the trade lifecycle to final settlement and accounting as provided by the administrator / custodian, providing transparency on progress to the manager
Run Investment Planning and Dealing off the Service Providers' Data
Aim: Eliminate the need for shadow accounting at the fund manager by leveraging timely sourced, quality assessed and approved data from service providers for all downstream activities
The fund manager wants to retain its independent validation of the administrator(s) data yet remove its shadow accounting function. Its existing systems for investment management and investor reporting shall remain in place, working off service provider data that passes a quality gate as the manager deems appropriate for each of his activities.

OVERSIGHT enables eliminating the shadow accounting function by:
  • Collecting all relevant information from the manager's service providers by sourcing data directly from their systems and mapping the provider(s)' to the manager's security master
  • Performing vertical & horizontal analytical checks on the data across providers and internally sourced data, flagging breaks and issues and enabling to work purely exception based
  • Allowing real time collaboration with the administrator(s) to resolve breaks and issues throughout the month and well in advance of the production of the official NAVs
  • Putting at disposition the data for investment management, compliance and investor reporting, in the required form and of the desired quality, right into the manager's systems
Overseeing Derivative Trade Reporting of Sub-Investment Managers
Aim: Retaining accountability towards the authorities while delegating to sub-IMs
In being ultimately accountable for trade reporting to the financial authorities, the fund manager needs to oversee the delegated reporting performed by the sub-managers he has tasked with the investment management of the funds.

Despite complexity of trade information across the spectrum of derivative instruments and high trade volume and frequency, the fund manager requires effective oversight over correctness, completeness and timeliness of the delegated reporting with minimal effort.

OVERSIGHT allows for retaining accountability over the sub-IMs' reporting by:
  • Ongoing sourcing, normalizing and quality-checking of the sub IMs' derivative trade reporting from the various accredited trade repositories
  • Ongoing sourcing, mapping and normalizing all derivative trade positions of the funds from the responsible administrators
  • Industry-intelligent aggregation of the sub IMs' data on one side and the admins' data on the other side to allow for auto-matching the sourced data
  • Rule-based programmatic reconciliation of the matched data with detail comparison protocol and automated notifications of breaks. Separate visual comparison of data batches with interactive fine-tuning of comparison criteria for further analysis.
  • Interactive dashboards and reporting for overall data quality with break-down by submitting party and visual drill down into individual breaks. Simple access to all data with its quality assessment for additional analysis and/or reporting with external tools.
PRODUCT DESIGN
A Team of Industry Experts Starting with a Clean Sheet
OVERSIGHT employs product design and latest technology as an enabler for a new oversight operating model creating value for businesses and people. Engineered for appeal, simplicity and disruptive power by one team of industry experts, UX designers and technology gurus.
Left
Right
User Experience First
  • Business centric design for effectiveness & appeal; ongoing refinement on client feedback
  • Exception & Notification based, maximum awareness while requiring lowest user touch
  • Multi device including tablet and mobile, so users can work location-independent
Collaborative
  • Cloud based; while supporting integrating with both on-premise & cloud-based systems for incoming and outgoing data at fund managers and service providers
  • Selective data and process permissioning of users across firms
  • Distributed master data model with central, collaborative master data mapping
  • Notification-mechanisms for integrated workflows with 3rd party tools (e.g. MS Teams)
Scalable
  • Using Amazon Web Services (AWS) platform, elastic application services architecture
  • Highly scalable multi-tenant application design
  • Allowing to service from the smallest to the very largest fund manager and service provider
  • Customizable by tenant on all core aspects of the application
  • Single to many use cases within a tenant
Integrated Industry Intelligence
  • Specific business domain model including both structured data and documents
  • Fund manager and service provider perspectives on Investment, Cash, Investor side
  • Intelligent data derivation/augmentation/combination
  • Extensible library of business rules for real-time monitoring of data timeliness and quality
  • Auto-resolving and auto-amending exceptions raised as new data becomes available
Easy Adoption
  • Affordable price model, free tailored product trial
  • SaaS (Software as a Service) model for zero cost in technology deployment & maintenance
  • Implementation may be tailored by client, agile delivery with short timescales to production
  • Frequent releases of new business functionality to production; continuous hot-fixing of issues
  • Latest standard technology, Security by design with regular audits by specialized consultancy
  • Backed by leading clients and product team with proven industry expertise and a long-term view
ABOUT INFONIC
Alternative Thinking with Industry Leading Names
Infonic has 70+ years of experience in working for and in alternative investment managers and their service providers.
We are an established independent vendor of information technology products. The firm has a proven core team of 25 people based in Switzerland, UK, Romania and flexible access to capacity and skills with our 700+ people development/run partner Accesa. We provide scale and local footprint for client service through proven industry partners.

We help our clients gain insight and control over an investment and operational process that for alternative asset classes continues to be largely fragmented and highly manual. We deliver a suite of software products providing support for the entire investment & cash lifecycle, smart integration with the market, as well as aggregation and analysis across all assets.

Clients relying on our products include the world's leading specialists in alternatives, banks and buy side advisors to pension funds and other institutional asset owners; 65% in USA, 35% in Europe.