Our Fund Administration lesson provides a definition of Funds Administration and the Funds Industry. It details the services that the Fund Administrator provides and also their role in the running of the fund.

1. Funds Administration Overview
by fundsacademy.com

2. What is Fund Administration?
• Set of services provided in support of a collective
investment scheme (fund)
• Services outsourced to specialist 3rd party
companies (fund administrator)
• Entities serviced include hedge funds, mutual
funds, fund of funds, pension funds or similar
structures

3. Fund
Fund Fund
Manager Administrator

4. Who are Fund Administrators?
• 3rd party companies providing support
services to funds

5. What services are provided?
• Calculation of the Net Asset Value (NAV)
• Preparation of semi-annual and annual accounts
• Financial reporting
• Maintenance of the fund's financial books and
records
• Reconciliation of daily and monthly broker
statements
• Payment of the funds expenses

6. more services provided...
• Pricing the portfolio of the fund
• Calculation and payment of dividends and
distributions
• Provision of compliance and anti-money
laundering reporting and monitoring
• Supervision of the orderly liquidation of the
fund

7. Where does the Fund Administrator fit in?
• Fund Manager
Front Office • Investment
decisions
• Broker
Middle • Trade
Office settlement
• Fund
Back Office Administrator
• NAV Calculation

8. Now take a read of below article
before finally taking the quiz!
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