Every deliverable clearly defined in your Fund's Books and Records
The process and control activities to follow for each deliverable
People, Systems and Service Providers responsible for each activity
A fund service level agreement with the timing and frequency of every deliverable
The delivery locations that make up your Global Operating Schedule
Every Interdependency with Precision
The old way involves an analysis overhead every time you want to change. The new way is data driven, it involves good hygiene and discipline to provide every interdependency to support the real time decision making demanded by a global operating model.
Books and Records provide the focal point for all of your your Investment Operations activity
Target Service Level Agreements provide key measurements to drive operational performance
How you deploy people, systems and service provides to support Investment Operations
An operating matrix to link Global Operations to local Regulatory and Tax compliance obligations
Outsource the process
Outsourcing is not a commodity. The unique setup of your fund and how your outsource partners interact is important. It requires a unified approach. If you want harmony you need music sheets for each of your outsource partners.
“Fund Elements Digital Operating Model enables self service for all of our source partners with direct access to setup information for all of our funds.”
Chief Operating Officer - Fund Management Company
Setup the Fund
Setup the Fund is about the legal and regulatory work to establish the fund structure, create the investor agreements and achieve regulatory authorization.
Strategy Analysis, Risk Assessment, Order Management, Trade Execution, Front Office Position and P&L Reporting, FX Hedging, Funding and Collateral Management.
Calculate Net Asset Value
General Ledger Setup, Recording of Investment Activity, Security Master, Corporate Actions, Reconciliations, P&L Allocations, Review, Sign-off and NAV Reporting.
The reports, information flows and decisions taken by the Governance Team to ensure they retain ultimate responsibility for the activities of the Investment Fund.
File Financial Statements
The process to draft interim and year end Financial Statements, satisfy audit requirements, publish and file Financial Statements with Statutory bodies.
File Regulatory Returns
Identification of Regulatory Reporting Obligations, the production of reports and the filing of returns with Regulatory authorities in each jurisdiction.
Raise Capital from Investors
Marketing and Distribution of the fund to target investors aligned with offering documents and regulation rules. The record keeping of investors contractual agreements.
Settle Investment Activity
Trade settlement instructions – Listed, FX and Wires, Swaps, Futures and Options. Positions and balances trade / settlement date reporting and break resolution.
Comply with Investment Rules
Setup and monitoring of compliance with Regulatory, Statutory and Contractual obligation. Includes Investment Restrictions monitoring by the Depositary / Trustee.
The Management processes that ensure effective oversight of the operations including processes that have been outsourced to service providers.
File Tax Returns
The production of Fund and Investor Tax reports to comply with local requirements and filing returns with Tax authorities in each jurisdiction.
Close the Fund
The liquidating of an Investment Fund to ensure equitable treatment of Investors and Creditors and the filing of all returns required to close a fund.