Fund of Fund Services

Fund Accounting Services
  • Maintaining financial and accounting books and records
  • Reconcile portfolio with custodian and cash with bank accounts
  • Cash management and reconciliation
  • Liquidity monitoring
  • Process purchase, sale and dividend transactions
  • Recording corporate actions
  • Multi-currency accounting with reporting in both local and fund currencies
  • Equalization calculations
  • Investment restriction compliance monitoring
 
Monthly Reporting
  • Monthly valuation reporting
  • Documentation gathering
  • Performance, allocation and attribution analysis
  • Fee accrual calculations
  • Booking of fees and rebates of underlying investments
  • Track multiple iterations of NAV of underlying assets until final
  • Accurate and timely provision of NAV, rate of return and financial statements
  • Provide a monthly management reporting package which can be sorted using predefined reporting criteria including strategy, industry, geographic location, etc.
  • Prepare first draft of financial statements using a template provided by auditor
  • Prepare year-end audit package to help facilitate the year-end audit
 
Investor Services
  • Accept investor subscription and redemption documents
  • Perform KYC/AML procedures in accordance with local AML laws and regulations
  • Establish and maintain cash escrow accounts to manage investor contributions and redemptions
  • Maintain the share and partnership register
  • Compliance with tax rulings
  • Prepare and distribute monthly account statement in accordance with the fund's documents for each investor
  • Distribute investment manager correspondence
  • Provide web reporting to investors