Fund Administration Services
Accuracy, integrity and unbiased reporting. These are the attributes that protect investors at every stage of the investment process, no matter what the future or regulation may bring. These will always be constant.
Custom House can offer all of these things and more because we are truly independent. Not just independent from all other investment parties but independently-owned with our own unique mindset, experience and determination to reach far beyond the numbers on the page.
We offer a full range of fund administration services to support every aspect of the alternative investment sector:
- Single stand-alone funds
- Umbrella fund structures
- Multi-manager managed account platforms
- Traditional offshore or onshore/offshore master feeder structure
Our primary function is the independent calculation of daily, weekly and monthly net asset value. Applying industry best practices, Custom House values the fund in-line with the Offering Memorandum and Pricing Policy using agreed third party price sources.
We utilise a Type II Service Organisation Controls (SOC1) and have accreditations under both the International Standard on Assurance Engagements (ISAE 3402), issued by the International Auditing and Assurance Standard Board, and the Statement on Standards for Attestation Engagements (SSAE 16), issued by the American Institute of Certified Public Accountants.
We have a dedicated fund transition team to help new clients, along with the transfer of existing funds from other administrators. We will ensure a seamless transition to launch or transfer so that our clients are free to focus on the areas that matter to them.
We understand the importance of supporting our clients as their internal and regulatory requirements change. We fully support:
- Financial statement preparation, tax schedule for US K1 & PFIC reporting.
- Investor due diligence reporting including the administrator transparency report and data for the OPERA reporting standard.
- Audit coordination and relevant filings.
- Maintenance of the share register of the fund and providing unaudited financials as requested.
This expertise is applied across the full range of investment strategies including:
- Equity Long/Short
- Managed Futures / CTA
- Global Macro
- Multi strategy
- Credit Long / Short
- Event Driven Distressed debt
- Fixed Income
- Peer-to-peer lending
- Direct lending
- Syndicated loans
Through our global operating model, we service funds in the most time-efficient, client-friendly fashion. Our core accounting operations are in Sofia and Malta. Our regional offices in Chicago, Ireland, Rotterdam, Singapore and Sydney provide direct client relationship support while always maintaining a level of operational capability.
This allows us to offer a T+1 delivery for daily funds and an extra-efficient delivery of all weekly and monthly valuations. As a market leader in fund data capture and reconciliation, we have created a platform that maximises the benefits of FIX Protocol technology, along with the use of FTP sites for managers and brokers/banks and custodians. This forms part of our 24-hour service to our fund clients, their investors and managers, giving them access to real-time or historical data. It is a technology tool that provides all the insights they need to make better decisions, mitigate risk, exercise quality control, as well as validate and track investment activity – any time of the day or night.