Spectrum Global Fund Administration - Traditional Fund Administration

Spectrum’s Offshore fund administration services include the following features:

Fund Set-up: Set up bank accounts, provide Registered Office, connectivity to prime broker(s), input contact information, etc.
Investor Due Diligence: anti-money laundering and know your customer activities, subscriptions and redemptions, investor inquiries, etc.
Attend director/board meetings.
Offer registrar and transfer agent services.
Calculate Net Asset Value (NAV) including full accruals for operating expenses, incentive fees, commissions and other fees.
Prepare monthly bank account reconciliations and verify that all expenses have been authorized by the fund(s).
Publish final month end investor statements to the web portal or mail out as determined by the fund manager.
Create journal entries and post all transactions to a general ledger. All subsidiary ledgers and statements will be reconciled to the general ledger on a monthly basis. Maintain the following subsidiary ledgers on a monthly basis:
- Balances due to and from brokers
- Accruals and payables
- Other income, commissions and expenses
- Shareholder equity or partners’ capital
Prepare monthly financial statements, including:
- Balance Sheet
- Income Statement
- Trial Balance
- Statement of Operations
- Statement of Changes in Partners' Capital
Investor Relationship Management (IRM): a tool which enables you to view such key information as subscription history, capital balance, ROI, 3rd party affiliations, etc.