EXISTING FUND TRANSFER SERVICES
We have had a number of already established funds transfer their administration duties to us. To ensure that a transfer runs efficiently and with little or no interruption, we form a specialist conversion team for each transfer. Team duties include:
• Reviewing existing structure and recommending changes that will lead to operational efficiencies
• Interfacing with the fund’s legal counsel in re-drafting the fund’s offering document and advising any regulatory bodies of the changes being made
• Assisting with the changeover of authorizations on banking and prime broker relationships
• Working with the outgoing administrator in the transfer of all required documentation in both electronic and hard copy form
• Reviewing all documents to ensure compliance with best practices and taking corrective action when necessary
• Establishing an efficient starting point for valuation and accounting purposes and re-processing historic transactions and accruals if necessary
• Ensuring that all investor files are properly documented, and if not, obtaining evidence that effective anti-money laundering steps have been taken to bring the fund into compliance with relevant laws and regulations
We have devised a checklist of information we will require to assist in the efficient transfer of a fund. Click here for the form. You may complete the form and send it to us via e-mail. We can also complete it ourselves after a review of a fund’s current documentation and a discussion with you.