“Our latest Hedge Fund Monitor enhancement helps fund managers running UCITS funds of hedge funds to monitor their compliance with restrictions on liquidity, concentration risk and exposure to underlying non-UCITS funds,” said Ian Headon, senior product manager for alternative asset servicing at Northern Trust.

Headon added that the new feature includes functions specific to restrictions and guidelines for UCITS funds, helping managers assess issues such as a fund’s self-imposed strategy and geographical restrictions. Further, it includes functions for real time, customised investment compliance measurement and performance and liquidity reporting.

Wilson Leech, head of Northern Trust’s global fund services business, said: “Northern Trust is committed to meeting the asset servicing needs of traditional and alternative investment managers, often with complex fund structures and multi-jurisdictional requirements.

“Through our Hedge Fund Monitor solution, we remain focused on helping our clients to manage risk, liquidity and counter-party exposures, and enhance operational control and governance through the availability of timely, automated data that is critical to their portfolio management processes.”