Fundamentals of Fund Administration

Fundamentals of Fund Administration

by David Loader
Released December 2006
Publisher(s): Butterworth-Heinemann
ISBN: 9780080468150

Explore a preview version of Fundamentals of Fund Administration right now.

O’Reilly members get unlimited access to live online training experiences, plus books, videos, and digital content from 200+ publishers.

Start your free trial

Book description

This book fills a gap in the lack of books that cover the administration and operations functions related to funds. With the growth of hedge funds globally there is more and more requirement for fund administration services, and the success of the fund administration is crucial to the success of the funds themselves in a highly competitive market. As the focus on operational risk, cost effective support and administration of trading and investment and the ability to design, develop and deliver added-value services for clients grows there is a need for a comprehensive analysis of what happens from trade to settlement and beyond and the exact role that the fund administrator may be required to provide. The book helps those responsible for managing and supervising fund administration services by examining the decisions, actions and problems at the various stages as well as explaining the products and infrastructure that services support.

*Concise, easy to read format explains extensive and complicated procedures with lively, easy to follow road maps
*Comprehensive reference work with extensive glossary of terms, useful website addresses and further reading recommendations
*Covers all the major stages with detailed explanations of what is required for effective completion and regulatory compliance

Table of contents

  1. Cover
  2. Copyright Page
  3. Table of Contents
  4. Introduction
  5. Chapter 1 Understanding the Investment Environment
    1. Investment funds
    2. Structure of funds
    3. Investment company
    4. Authorised and unauthorised funds
    5. Onshore and offshore funds
    6. Portfolio investment
    7. Markets and investments (1/2)
    8. Markets and investments (2/2)
    9. Investment drivers (1/3)
    10. Investment drivers (2/3)
    11. Investment drivers (3/3)
    12. Products and assets used in portfolio management
  6. Chapter 2 Hedge Funds
    1. Market neutral (or relative value) funds
    2. Long/short funds
    3. Tactical trading
    4. Global asset allocation funds
    5. Event-driven funds
    6. Short-selling funds
    7. Arbitrage funds
    8. Tax issues
    9. Regulatory issues
    10. Business issues
    11. Investment issues
    12. Marketing issues
    13. Operational issues
    14. Defining responsibilities
    15. Fund set-up summary
  7. Chapter 3 Mutual Funds and OEICs
    1. Background
    2. OEICs
    3. Dilution levy
    4. Share classes
    5. Currency class shares
    6. Different rights
    7. Advantages over unit trusts
    8. Hedge vs mutual funds: A comparison
  8. Chapter 4 Private Equity
    1. Definition of carried interest
    2. Venture capital funds
    3. Fund administration
  9. Chapter 5 Unit Trusts
    1. Origins of the unit trust
    2. Buying and selling units
    3. Charges
  10. Chapter 6 The Role of the Fund Administrator
    1. Reconciliation
    2. Administration workflow
    3. Hedge fund administration
    4. Structure
    5. Global reach and location
    6. Business considerations
    7. Technology
    8. Fees
    9. Fund launches
    10. Accounting
    11. Compliance services
    12. Summary
  11. Chapter 7 Portfolio Administration
    1. Assets of the fund
    2. Margin and collateral
    3. Asset trades
    4. Income and entitlements
    5. Unmatched transactions
    6. Unsettled transactions
    7. Claims
  12. Chapter 8 NAV, Pricing and Valuations
    1. Pricing of funds
    2. Hedge fund pricing
    3. Pricing assets
    4. Pricing controls
    5. Equalisation
    6. Summary
  13. Glossary of Fund Administration Terms (1/16)
  14. Glossary of Fund Administration Terms (2/16)
  15. Glossary of Fund Administration Terms (3/16)
  16. Glossary of Fund Administration Terms (4/16)
  17. Glossary of Fund Administration Terms (5/16)
  18. Glossary of Fund Administration Terms (6/16)
  19. Glossary of Fund Administration Terms (7/16)
  20. Glossary of Fund Administration Terms (8/16)
  21. Glossary of Fund Administration Terms (9/16)
  22. Glossary of Fund Administration Terms (10/16)
  23. Glossary of Fund Administration Terms (11/16)
  24. Glossary of Fund Administration Terms (12/16)
  25. Glossary of Fund Administration Terms (13/16)
  26. Glossary of Fund Administration Terms (14/16)
  27. Glossary of Fund Administration Terms (15/16)
  28. Glossary of Fund Administration Terms (16/16)
  29. Useful Websites and Suggested Further Reading
    1. Websites
    2. Suggested further reading
  30. Appendix 1
    1. Regulatory differences
    2. Fees
    3. Investment strategies and application
    4. Pricing and liquidity
    5. Types of investor
  31. Appendix 2 (1/6)
  32. Appendix 2 (2/6)
  33. Appendix 2 (3/6)
  34. Appendix 2 (4/6)
  35. Appendix 2 (5/6)
  36. Appendix 2 (6/6)
  37. Index

Product information

  • Title: Fundamentals of Fund Administration
  • Author(s): David Loader
  • Release date: December 2006
  • Publisher(s): Butterworth-Heinemann
  • ISBN: 9780080468150