Fund Services

• What are Fund Services?

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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.

Fund Services, by all means, covers every aspect of day-to-day processes across all functions for fund managers irrespective of the asset class or strategy of the fund.

Fund service providers aim to position managers strategically to help them focus on the core function of investment decision-making and take care of all the chaos of the post-trade life cycle. ​

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• Need for Fund Services

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With the regulatory landscape for fund managers, they are often surrounded by a variety of professional service providers on all fronts; whereby dealing with regulatory bodies to periodic filings with them. Fund Services gives them an option to outsource all or any elementary process for any function like operations, fund accounting, compliance, investor relations, reporting, etc. Working with fund service providers comes with a variety of benefits starting from cost followed by complete flight risk coverage of resources.​

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• Fundtec Service Coverage

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Fund services at Fundtec are classified based on the type of managers; typically, managers middle and back-office vary for open-ended funds vs closed-ended funds. Here is a glimpse of support services for various asset managers:

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• Hedge Fund Services

  • Fund Accounting- Servicing of NAV, Portfolio & Investor level data

  • Investor Relation- Investor Documentation, Investor letters/presentations, Marketing materials & Investor Communication/Queries/Requests

  • Administration & Compliance- Recordkeeping, Documentation, Regulatory Reporting & Fillings

  • Middle Office- Corporate Actions, Collateral Management, P&L, Asset Servicing, Trade & Non-Trade Expenses

  • Trade Operations- Full trade lifecycle support from processing, confirmation to settlement, upstream & downstream trade data workflows & reconciliations

  • Treasury-  Cash Management including wire processing

  • Reconciliations-   Recons- Cash, Position, Trades; Recons with- Street, Admins, Counter Party & 3-Way                                                                                    

• Private Equity Fund Services

  • Financial Reporting- Periodic Financial Statements, Capital Accounts, Schedule for Partner allocation & distribution waterfall

  • Investor Relations- Investor Documentation, Investor letters/presentations, Marketing materials, Investor Communication/Queries/Requests

  • Administration & Compliance- Recordkeeping, Documentation, Regulatory Reporting & Fillings

  • Reconciliations-   Recons- Cash, Position, Trades; Recons with- Street, Admins, Counter Party & 3-Way

  • General Partner Accounting- Fund Accounting, Financial Reporting & Cash Management

  • Limited Partner Accounting- Fund Accounting, Financial Reporting & Cash Management                                                                                                                     

• Real Estate Fund Services

  • Fund Accounting- Servicing of NAV, Portfolio & Investor level data

  • Investor Relations- Investor Documentation, Investor letters/presentations, Marketing materials, Investor Communication/Queries/Requests

  • Administration & Compliance- Recordkeeping, Documentation, Regulatory Reporting & Fillings

  • Financial Reporting- Periodic Financial Statements, Capital Accounts, Schedule for Partner allocation & distribution waterfall

  • Capital Management- Capital Calls, Distributions, Notices, Cash Management                                                             

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• Digital Asset Fund Services

  • Fund Accounting- Servicing of NAV, Portfolio & Investor level data

  • Investor Relations- Investor Documentation, Investor letters/presentations, Marketing materials, Investor Communication/Queries/Requests

  • Administration & Compliance- Recordkeeping, Documentation, Regulatory Reporting & Fillings

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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 on fund services for the above fund managers:

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• Trade Confirmation, Settlement & Allocation

• Trade booking with Security Master Creation & Maintenance

• EOD Trade Status Reporting

• 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

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• Fundtec’s value proposition

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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.