FUND ACCOUNTING SERVICES
IBN offers comprehensive fund administration and accounting services for hedge funds, FoHF, Family Office, with an approach to deliver through committed expertise.
In spite of the fact that an third part fund administrator calculate the fund`s Net Asset Value (NAV) on regular basis. Although, Fund manager needs to verify numbers before distributing the same to their investors. Over the last few years investment manager have considered shadow Fund Accounting outsourcing Services for reconciling the funds administrator`s NAV to maintain their data accuracy.
Updating trading activity from front-end trading systems or Automatic Updation in system
Trade & Position reconciliation with prime brokers
NAV calculation on daily, weekly and monthly basis.
Bank and cash reconciliation
Management and Incentive fees calculation
Corporate Action processing
Independently calculate and record income and expense accruals and reconcile with prime brokers’ activities
Preparation and maintenance of complete set of books, from a comprehensive General Ledger, Trial Balances, security ledgers, realized capital gain /loss statements, Income and Expense statements, to all other necessary supporting schedules
Preparation of Financial Statements for each period end