Fund Administration Services

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Out-sourcing is the bottom line

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24/5 Service Delivery

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Zero Implementation Fees

Fund Administration Services

  • What is Fund administration services

 

Investment managers’ core function is to generate alpha for investors by way of focusing on their investment strategy.  At the same time, non-core functions like middle and back-office activities contribute heavily to generate alpha. 

 

Many investment managers in-house team or outsource these functions to a professional service provider like Fund Administrators. Fund administration services include fund accounting, investor reporting, financial reporting, regulatory reporting, treasury, depositary services, and other administration services.

 

Usually, Fund Administrators build their expertise and solutions based on the asset class of investment managers like Real Estate, Hedge Fund, Private Equity Funds, Digital Asset Funds, etc. Fund Administrator also plays a vital role from due diligence standpoint wherein investors could rely on accurate and timely data to better understand the performance of investment manager.

 

Fund Administrators do provide value additions to managers with the help of scalable infrastructure; which at the same time would be very unproductive and costly for the manager to maintain. Applications like Portfolio Management Systems, Reporting Tools, Order Management Systems, etc are maintained by Fund Administrators to provide services based on manager service’s scope.

 

 

  • Need for Fund Administration Services

 

 

Fund Administrators provide value addition and complete support to manager on middle and back-office functions, however, they have multifold responsibilities when it comes to stakeholders involved in the process. 

Usually, managers rely on them to maintain the whole investment lifecycle, and at the same time investor expect an accurate and timely report from them to understand the manager's performance. 

Fund administration services comes with a high risk of liabilities as investors trust them from custody verification till valuations and accurate investments.

With increasing complexities, new asset classes, changing operational dynamics, and regulatory updates; Fund administration services remains at the center of the alternative investment management industry to support investment managers on all fronts.

 

  • Fundtec Services Coverage

 

 

Fundtec does not provide fund administration services, however, it helps the client by providing them shadow accounting services or fund administration support services. 

With the current market situation, most fund administration services are easily available at the fingertips and hassle-free onboarding. With changing operational and functional technologies to provide such services, fund administrators always leverage pooled resources and systems to make services cost-effective for investment managers. Pooling of resources is no harm in all cases, however, it creates challenges and reduces flexibility to deliver when managers shift their strategies or asset class. To address all of it cost-effectively, Fundtec provides shadow accounting services which help the manager to put better control on fund administrator relationships and also help the in-house team to focus on decision-making abilities rather than executing abilities.

Fundtec service coverage comes with greater flexibility for all sizes of managers irrespective of asset class, geography, and strategy. Here is some scope of coverage for shadow accounting services and fund administration support services:

 

  • Trade Confirmation, Settlement & Allocation

  • Trade booking with Security Master Creation & Maintenance

  • EOD Trade Status Reporting

  • Daily Pricing/Valuation based on Manager's Policy

  • Flash PnL Reporting (Hierarchy or Non-Hierarchy Wise)

  • EOD Performance Estimates

  • Break Resolution & Escalation

  • Corporate Actions

  • Position & MV Reconciliations with Street

  • Cash Reconciliations with Street

  • OTC Collateral Management

  • Downstream Data Reconciliations

  • Break Resolution & Escalation

  • Accrual of Income & Expenses

  • Shadow NAV Pack

  • Monthly Pricing/Valuation based on Manager's Policy

  • Monthly Cash, Position & MV Reconciliations with Street & Admin

  • Profit & Loss

  • Management & Performance Fees Computation

  • Investor Allocation (Master & Feeder Funds)

  • Investor Allocation Comparison with Admin

  • Investor Statement Checks

 

  • Fundtec’s value proposition

 

 

With years of experience working with a variety of managers across the globe, we are positioned to deliver top-notch services to clients. Here are some factors:

  • 24/5 Availability: Our "follow the sun" model ensures that Asset Managers, irrespective of time zone, will get services when they need them.

  • Solid Documentation:  When someone is expected to perform a task, the most beneficial thing to do is create process documentation. That is what we do in our process across all the services. Our SOPs are updated regularly, and our team delivers with certainty and confidence. Resources may come and go, they get migrated to different roles within the organization, or they're out sick or on vacation, whatever the case may be, when another team member steps in, you need good documentation with training in place to ensure continuity. 

  • Customized Offerings: One shoe size doesn't fit all, so Fundtec customizes and tailors its solutions to fit the unique needs of every client.

  • Industry Expertise: Fundtec's team comprises professionals coming with a wealth of experience from investment banks, fund admin firms, and technology giants. We have expertise in handling all types of asset classes (from listed securities to OTC products), and reports from different fund admins, brokers, and custodians.

  • Scalability: Fundtec empowers clients with better scalability via plug and play model which is always customized to the client's needs.

  • Cost-Effective: Fundtec's expertise, innovation, experience, and result-oriented approach on operational aspects enable us to drive greater process efficiency, and we pass the benefits and savings to our clients.

  • Transition and Change Management experts: With years of experience in handling transitions, we always consider all stakeholders for changes and transitions. Our client-centric approach enables a smoother reconciliation transition for all types of clients. 

  • ISO Certified: We at Fundtec understand that every piece of information is crucial for our clients, so we follow the highest standards for maintaining quality and data security. Fundtec is ISO:27001 and ISO:9001 certified.

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FUND ADMIN