SAN FRANCISCO, CA and BERKELEY, CA–(Marketwire – Jul 24, 2012) – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced a collaboration with Data Agent, LLC to provide tools to help hedge funds and hedge fund administrators meet Form PF reporting requirements. The tools offer a flexible and affordable platform designed to address highly specialized Form PF filing requirements. By working together, Advent and Data Agent bring together high quality and reliable data, modern dashboards and easy-to-use management and sharing functionality to help reduce complexity, cost and the time required to meet new regulatory mandates.
The Dodd-Frank Act requires the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) to gather information on investment managers’ private funds. In response, the SEC created Form PF for Registered Investment Advisers. The first Form PF quarterly filing deadline is August 29, 2012 for Registered Investment Advisors with regulatory assets under management over $5 billion, while the majority of hedge funds face an initial filing deadline in 2013.