Introduction to the class
This workshop investigates the future of best of practices of fund management that includes trends in Fund Administration, Shareholder Services, Custodial Services, Compliance, New Risks, Listing Issues, Preparing for the Audit, and due diligence process throughout the systems.
This course includes:
16 hours of self study including articles and presentations
Full lifetime access to learning material
Certificate of attendance
How it works?
Workshops take place on Hapeiron, an Interfima e-learning platform.
Enroll to the class from this page
After enrollment you'll receive a registration link to access the platform
Complete all learning material
Get your certificate of attendance
Do you want this class in-house?
We can deliver this class in-house for your organization's employees.
The syllabus of this workshop is eligible for 12 CPD hours in Regulations and ethics, finance, auditing.
Criteria and CPD hours are verified directly by your association, regulator or other bodies which you hold certification or membership.
What you will learn
Future best of practices of fund management include trends in Fund Administration, Shareholder Services, Custodial Services, Compliance, New Risks, Listing Issues, Preparing for the Audit, and due diligence process throughout the systems.
Back Office Fund Management and Operations
This is where you either get it right, or you get it wrong. Traditionally, back-office operations have encompassed the areas within fund administration; fund accounting, shareholder servicing besides billing, invoicing and post-trade compliance, and asset valuation for non-exchange trading assets. Both large and small hedge funds must increase the rigor of their operations, ensuring both investor intimacy, fund reputation, and be valued value by considering bespoke services for managers and investors.
Many funds see the back office as the dregs of necessity and a dreadful burden, it does not have to be, and in smaller funds, much of the back office can be under job share arrangements.
Current trends are outsourcing, yet that is not solving the obligations of the funder managers, indicated by a high rate of upset clients and excessive data exchanges for audit and compliance. The shrinking market also offers other challenges, such as whether your outsourced back office will still be open in 6 months.
It has been the rule of thumb that a custodian takes in whatever they are given and issues a receipt. This is no longer sufficient in the days of wild schemes and aggressive mischief. Custodians must take active measures to ensure their role is both valuable – and they do facilitate any fraud, money laundering, or corruption.
New Guidelines and Directives
The AIFMD and a pan-European acceptance of financial instruments is a complex beastie. It puts significant burdens on Fund Managers, their administrators, and custodians. In any change, one needs to assemble all of the impacted parties and apportion responsibility and do so in a clear fashion. There are some excellent time-saving and cost-effective ways to approach the new guidelines as well as to monitor compliance.
The other matter compounding the issues is FATCA and those reporting requirements. Much of FATCA can be dealt with during client onboarding with periodic overviews of annual lesson frustrations. Another is beneficial ownership and control at the human level and Suspicious Activity Reports.
We also have to factor in the ESG and DEI profiles for minimum compliance as well as adherence to professed more aggressive targets in both ESG and DEI and Net Zero.
It is not just investment risk. There are many risks inherent for fund managers, fund administrators, and custodians aside from the marketplace. A patient review of each offering and fund, accompanied by automatic updates and periodic reviews, must be established by the fund manager, the administrator, and the custodian. The troika approach is to lessen mischief. In light of the Weavering decision, even after the appeal, a clear signal has been sent as to what is expected of all parties in fund oversight. Risk assessment is not a one-time event any longer. It and due diligence are part of the ongoing governance process.
Due Diligence is an ever-evolving set of processes and standards to help individuals and institutions make the best possible, well-informed decisions in any situation. It does not stop at KYC, or the fund manager, or the fund directors, or even the investors. Due Diligence – the fact-finding process required to make fully informed choices is at the heart of all governance. Get the Due Diligence right, and much of the rest flows much easier.
The listing process is not a complex process but a very complicated process where choices made in one area spill over to other functions and requirements. NO LISTING EVENT IS THE SAME – ever, but a series of steps and processes can be undertaken to reduce costs and angst.