Link Fund Solutions and Confluence Launch Portfolio Compliance Solution for Link Funds in Europe

Insights - News

15 February 2021

London, and Pittsburgh, PA, February 15th, 2021

Link Fund Solutions, part of Link Group (ASX: LNK), a leading global provider of financial administration services, and Confluence Technologies, Inc. (“Confluence”) have partnered to launch a portfolio compliance solution across 283 funds in the UK and Europe.

Link Fund Solutions is the UK’s largest independent Authorised Corporate Director (ACD). It is also one of Europe’s largest third-party management companies (ManCo) and supports clients in Ireland and Luxembourg. Confluence is a global technology solutions provider, delivering innovative products to the worldwide money management industry.

Link Fund Solutions utilises a data warehouse it built in-house to capture essential valuation and custody data. The warehouse supports a range of regulatory monitoring and reporting requirements for European funds, where Link Fund Solutions acts as either an ACD, Authorised Fund Manager or ManCo, delivering an authenticated dataset and streamlined processes. Link Fund Solutions continuously seeks to invest in ways to enhance its risk management framework, while adapting and evolving to future-proof its systems and services.

Link Fund Solutions has further harnessed the data held in its warehouse by utilising Confluence’s portfolio compliance solution. It provides automated daily monitoring of Link Fund Solutions’ funds’ compliance with Investment and Borrowing Power rules, as set out by the regulators in the UK, Ireland, and Luxembourg.

Confluence’s solution supports the full lifecycle of compliance and incorporates a sophisticated breach management workflow, creating a sustainable culture of compliance monitoring. The solution is adaptable to future requirements and provides Link Fund Solutions with full control over its compliance data and rules. In an ever-changing regulatory environment, this system can flex and evolve to meet future requirements and respond to increasing complexity and change.

By using Confluence’s solution, Link Fund Solutions’ portfolio monitoring teams are more efficient and better able to assign time and resources to ensuring data integrity and oversight, as opposed to time-consuming base tasks such as portfolio position calculations.

Confluence’s solution is now the primary production platform for Link Fund Solutions’ 45 funds in Ireland and Luxembourg, with the 238 UK funds also now live as 2021 commences.

Karl Midl, Managing Director, Link Fund Solutions said: “As the UK’s largest independent ACD, we strive to lead the market in the use of technology and data solutions. That’s why we have chosen to work alongside Confluence, a global leader in data-driven investment management solutions. Our data warehouse continues to evolve and deliver a streamlined process for our funds to embrace market evolution. We share the same values as Confluence: we are committed to continuously evolving our governance and empowering our clients’ knowledge in order to drive market solutions with efficiency through an automated control framework.”

Todd Moyer, President and Chief Operating Officer of Confluence Technologies said: “We are delighted to partner with Link Fund Solutions, part of a global, technology-led financial organization. Confluence operates in more than 40 countries worldwide, and we share with Link Fund Solutions a drive to help clients globally and across Europe. Our solution will give Link Fund Solutions clients the confidence in their compliance data and we look forward to working together with them in a long-term, mutually beneficial relationship.”

Karl Midl

Chief Executive Officer, Link Fund Solutions

Tel: +44 (0) 7951 266 225