Patent ID: 7904368
Filing Date: 2011-03-08
Classification: G06Q

Abstract:
1. A computer-implemented method for confirmation of hedge fund information, comprising: storing in memory a list of asset and liability positions of a hedge fund and a fund-provided market value of each position; storing in memory corroborating data received from a third party independent of the hedge fund, the corroborating data including information beyond transaction data and confirming the existence of at least one position of the hedge fund; performing an asset and liability position confirmation, using a computer processor, by comparing the corroborating data to the list of asset and liability positions to identify third party confirmed positions of the hedge fund that correspond to the corroborating data; calculating, using a computer processor, a total market value of third party confirmed positions based upon the fund-provided market value of each third party confirmed position; storing in memory third party market values for asset and liability positions of the hedge fund, wherein the third party market values are provided by a third party independent of the hedge fund and are derived from data including information beyond transaction data; performing a price input confirmation, using a computer processor, by comparing the stored fund-provided market value of each position to the stored third party market value of the position wherein the fund-provided market value of each position is identified as a confirmed market value when the fund-provided market value falls within a predefined threshold of the stored third party market value of the position; calculating, using a computer processor, a total confirmed market value of asset and liability positions based upon the identified confirmed market values; generating a unique identifier, using a computer processor, and assigning the unique identifier to a confirmation instance, wherein the confirmation instance is the performed asset and liability position confirmation and the price input confirmation; generating, using a computer processor, a report that identifies (A) a first proportion of a net asset value of the hedge fund attributable to the total market value of third party confirmed positions that is based on confirmed positions, wherein the first proportion corresponds to the relative amount of the total market value of third party confirmed positions to the net asset value and (B) a second proportion of the net asset value attributable to the total confirmed market value of asset and liability positions, wherein the second proportion corresponds to the relative amount of the total confirmed market value of positions to the net asset value and associating, using a computer processor, the unique identifier to the generated report; generating at least one of risk and performance data associated with the hedge fund's positions based at least on an analysis of the hedge fund's books and records data; and generating, using a computer processor, a second report that identifies the generated at least one of risk and performance data, and associating, using a computer processor, the unique identifier to the second report, wherein the second report includes the unique identifier to link the generated reports and certify that the asset and liability position confirmation and the price input confirmation have been performed.