Asset managers rely on accurate and reliable data to support investment decisions, performance measurement, compliance processes, risk management and reporting. This data originates from a wide range of sources, including prime brokers, management companies and other service providers. Continuously coordinating and consolidating these data flows, while reconciling them against internal records, is essential to maintaining a dependable data foundation.

This is precisely where shadow accounting delivers significant value. It provides an independent and consistent view of holdings, transactions and cash flows, creating the foundation for robust analysis and informed investment decisions.

“We often see portfolio managers spending more time managing data than managing portfolios,” explains Richard Kauppert, Managing Director Frankfurt at Profidata Managed Solutions AG. “With our shadow accounting services, we provide high-quality data in a timely manner, allowing our clients to focus on their investment ideas.”

While asset managers can concentrate on portfolio management and client relationships, Profidata takes responsibility for key activities related to position keeping, reconciliation, data management and investment operations. These include, for example:

Independent portfolio management & IBOR: Maintaining up-to-date positions and the history of trading transactions as a reliable basis for analysis, investment decisions and reporting.

Reconciliation & Data Quality: Reconciliation of positions and cash balances, as well as settlement reconciliation with prime brokers and custodians.

Corporate Actions & Master Data Management: Processing of corporate actions and maintenance of relevant master data.

Performance, fee and NAV processes: Calculation of an estimated NAV, reconciliation of the official NAV and validation of performance figures and fee calculations.

Management of illiquid assets: Support for the modelling and administration of complex and illiquid investments.

Subscription & Redemption Management: Oversight and support of subscription and redemption processes.

Audit and compliance support: Assistance with audits, reviews and regulatory requirements.

Technical interface management: Technical coordination and monitoring of data flows between internal and external systems.

Shadow accounting for your organisation: Our service enables asset managers to benefit from greater transparency, increased operational efficiency and a robust data foundation for their day-to-day investment processes.