Broadridge Acquires Regulatory Reporting Capabilities from PivotData

Broadridge Financial Solutions announced the acquisition of certain private fund regulatory reporting capabilities from PivotData, LLC, a data warehouse and compliance reporting solutions platform for the investment community, and its partner Sol Hedge, LLC. Broadridge will leverage their capabilities to help private fund asset managers meet their regulatory reporting requirements. These regulatory reporting capabilities will complement Broadridge’s existing reporting solutions, helping clients gather appropriate data, calculate what information is needed from a submission perspective and submit data to the appropriate authorities. PivotData and Sol Hedge’s proprietary data transformation, normalization and load (ETL) processes, and in-house compliance experience will provide clients with a timely regulatory reporting solution.