FRT’s pre-filing analytics yields a greater recognized loss than custodian’s calculation

FRT’s pre-filing analytics yields a greater recognized loss than custodian’s calculation

Prior Filing Strategy:  Custodian

FRT Success:   One of the world’s largest sovereign wealth funds was uncertain of its custodian’s ability to adequately service its complex accounts. FRT was able to demonstrate its ability to reconcile historical trade files and accurately identify and track tax-free inter-account transfers. After analyzing the custodian’s past filings, FRT found the custodian misfiled in several cases. In one case, FRT applied its proprietary account lineage software and was able to increase the recognized loss from $7mm to $36M. FRT superseded the custodian filing and the administrator confirmed the rise in recognized loss and therefore the FRT filing generated a 500% increase in the client recovery.

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