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Firms conducting the administrative activities of investment funds. Fund Administrators comprise fund accountants and transfer agents.
Fund Administrators are intermediaries who are responsible for maintaining a fund's books of account and its share register, and overseeing that its investments reflect stated strategies as per the original offering documents.
Fund Administrators verify net asset value (NAV) calculations and attributions of income as being accurate and error-free. Fund Administrators' duties may extend to ensuring that investments into the fund comply with 'know your client' (KYC) and anti-money laundering (AML) regulations. In some cases, Fund Administrators provide guidance on structuring a fund and its associated documentation and guidance on the tax consequences of different fund structures. A sophisticated firm of Fund Administrators draws on a very broad base of skills.
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