Fund administration refers to a set of services provided in support of active fund management including origination, underwriting / financing, asset management and raising capital for new deals. The function can be performed in house but it is normally considered as non-core function. Therefore, fund managers generally outsource it to third party service providers who are often independent experts, like a trust company, with technical understanding of fund management and regulation. They also perform independent verification and valuation of funds.
Having outsourced non core functions, the Fund Manager can then focus on the core functions such as:
Fund administration is achieved through fund accounting and registrar/transfer agency services. Fund administration services are dependent on the investment strategy, structure or transaction volume of the fund. The function is very sophisticated, requiring
Registrar / Transfer Agency service refers to timely and accurate recordkeeping and distribution support for fund businesses. Registrar services include:
For more information about fund managers and to invest, please see our funds pages.
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