Funds Administration Overview

by fundsacademy.com

What is Fund Administration?

• Set of services provided in support of a collective investment scheme (fund)

• Services outsourced to specialist 3rd party companies (fund administrator)

• Entities serviced include hedge funds, mutual funds, fund of funds, pension funds or similar structures

Fund

Fund Administrator

Fund Manager

Who are Fund Administrators?

• 3rd party companies providing support services to funds

What services are provided?

• Calculation of the Net Asset Value (NAV)• Preparation of semi-annual and annual accounts• Financial reporting• Maintenance of the fund's financial books and

records• Reconciliation of daily and monthly broker

statements• Payment of the funds expenses

more services provided...

• Pricing the portfolio of the fund• Calculation and payment of dividends and

distributions• Provision of compliance and anti-money

laundering reporting and monitoring• Supervision of the orderly liquidation of the

fund

Where does the Fund Administrator fit in?

Front Office

Middle Office

Back Office

• Fund Manager• Investment

decisions

• Broker• Trade

settlement

• Fund Administrator

• NAV Calculation

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