Solutions
Fund Managers
The administrator strikes NAV and owns the valuation policy. What is replaceable is the register, the subscription paperwork and the dealing reconciliation.
What it changes
- Dealing cycles as a state machineSubscription and redemption windows, cut-offs, notice periods and gates are modelled explicitly rather than administered by email.
- Oversubscription handled deterministicallyAn oversubscribed close is accepted and scaled back reproducibly, so an investor’s complaint can be checked rather than argued about.
- Fees where they belongManagement and performance fees recognised as they arise, in the same ledger as everything else.
What it includes
ClassesPer-class fees, preferences, seniority and minimums.
GatesAn explicit refusal with the reason recorded, rather than an unexplained delay.
StatementsPer-holder, derived from the register and the ledger.
See it against something real.
Bring an instrument you are actually considering. Structuring it is the only way to judge whether the model fits.