We offer administration to open-ended funds in Guernsey, Luxembourg and Malta as well as to other domiciles such as BVI and Cayman. In Guernsey such funds are authorised or registered class B funds. In Luxembourg, they are Specialist Investor Funds and in Malta they can be either UCITs or Professional Investor Funds.
The following services are provided for a variety of asset classes, including equities, bonds, property, fund of funds futures and options that are currently administered within open-ended structures:
Net Asset Value Calculation – NAV calculations for all assets classes on a pre-determined valuation frequency, up to and including daily valuations. Price and exchange rates are sourced from Bloomberg or directly from brokers, fund administrators and other independent appointed agents. Management and other service related fees are calculated automatically and accrued within the NAV calculation.
Publication of Prices – Prices can be published and reported in various manners and locations i.e. to stock exchanges and via newsletters and manager distribution lists.
Custodians – Automated reconciliation feeds ensure efficient management of cash and positions at every net asset value calculation. We deal with numerous third party custodians and brokers and can also advise on such appointments taking into account service and cost.
Shareholder Dealing / Transfer Agency – Specialist staff deal with all shareholder activity including the administration of subscriptions and redemptions, and the monitoring and payment of cash. All activity is undertaken in accordance with locally and internationally recognised standards of shareholder due diligence.
Online Shareholder Enquiries – Password protected information including transaction histories for a fund and the latest NAV can be accessed online.
Compliance – Acufund, our core fund administration system, enables investment policies and restrictions to be monitored and reported. A Compliance Officer can be appointed to a fund on request.
Regulatory – The regulatory framework differs in all the jurisdictions where we operate. Nevertheless, our experience in administering and reporting in these areas ensure that best guidance is provided at all times.
To discuss your requirements, email or call us.