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Fundamentals of Fund Administration

  • Fundamentals of Fund Administration - 7 Hours CPD

    About the course

    This course is delivered at an introductory level and will benefit anyone working in the investment funds industry or investing in funds including administrators, custodians and depositaries, trustees, regulators and staff in technology firms servicing these companies. Compliance and risk management staff would also find the course beneficial.

    The course will introduce the key features of investment fund support and has a learning objective of making delegates fully aware of the administration, custody and oversight of the processes and products used in portfolios, the influences on the administration service and the mechanics of the investment fund support process.

    The course is accompanied by course notes, glossary of terms, relevant articles and further reading. The course has exercises and worked examples.

    Course contents

    Session 1 - Overview of investment funds

    • UCITS Funds
    • Alternative Investment Fund
      • Hedge Funds
      • Private Equity Funds
      • Property Funds
      • Other alternatives
    • Regulatory Approach to both
      • UCITS Directive
      • AIFMD 

    Session 2 - Overview of the generic Fund Administration Service

    Roles of Key Players:

    • Promoters
      • Directors & NEDs
      • General Partners
      • Trustees
    • Prime Brokers
    • Custodians
    • Administrators
      • Operations team
      • Valuation and accounting team
    • Transfer agency team 
    • Secretarial
    • Legal 

    Session 3 - Operational 

    • Fund Set Up Road Map
      • Process up to launch of the fund
    • Fund Operation Road Maps 
      • Portfolio trade capture
      • Postings
      • GL and accounting entries
        • Accruals
        • Income
        • expense 
        • Initial and Management Fees
        • Performance fees
        • Tax
        • Amortising, pre-payments
      • NAV calculation
        • Valuations
        • Easy to value
        • Hard to value
        • Guidelines
        • Pricing policy
        • Single and dual pricing
      • Reporting
      • Subscriptions & Redemptions
      • Platforms
        • Vestima
        • FundSettle
        • SWIFT for Fund Managers
        • Others?
      • KYC and AML
      • Register
      • Investor Reporting

    Session 4 - Risk and compliance

    Risk Management and Compliance (for funds and fund administrators)

    • Authorisation
    • Constraints
    • Jurisdiction compliance
    • KYC and AML issues
    • Market risk – types and controls
    • Counterparty risk – types and controls
    • Operational risk – types and controls
    • Role of audit
    • Documentation 


    • Establishing and Operating a Fund Administration Service
      • Service Offering – client expectations
      • Infrastructure requirements
      • SLAs
      • RFPs
    • Case Study – what can go wrong in providing the service

    Who this course is for

    It is an excellent preparatory course for the Advanced Certificate and Diploma in Fund Administration.

    Course time - 9.30am to 4.30pm

    CPD - 7 hours

    Useful links

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Upcoming Courses

December 06, 2018 09:30 - 16:30
June 14, 2018 09:30 - 16:30

Tutor: Dave Loader

Cost: £370