Indus Valley Partners (IVP), a leading provider of technology solutions to alternative asset managers, announced today the addition of Open Protocol Enabling Risk Aggregation (OPERA) as a new module in their fund datawarehouse, (IVP Polaris), enabling asset managers to automate their entire data reporting and filing process. IVP OPERA is also available standalone for funds that have an existing data warehouse or similar data management platform.
OPERA seeks to create a uniform standard for data capture and associated analytics for the purposes of consistent external reporting across the entire alternative investment industry. OPERA will enable: regulators to measure and monitor systemic risks; investors to better understand their hedge fund investments; and hedge fund managers to improve their investor communications and outreach.
IVP Polaris, supports the portfolio management lifecycle for any alternative asset manager, and the addition of OPERA functionality enables managers to accurately and efficiently process/report all the data elements required for compliance with the standard. IVP has implemented OPERA standards with a number of clients including an $8BN event-driven hedge fund and a $6BN multi strategy hedge fund.
“Investors are seeking greater transparency which is pushing managers to overhaul their current data management and storage platforms for reporting. Meeting the detailed data reporting demands from regulators and investors requires an intuitive data warehouse and a flexible, customized OPERA implementation,” said Gurvinder Singh, CEO/Co-Founder of Indus Valley Partners. “We understand the needs of fund investors and the support for OPERA standards will ease our clients reporting burdens and allow allocators to easily rollup data across all their investments.