Administration Services
Our independent, third-party administration delivers improved transparency, financial control and security for your fund's operation. Beacon's professionals are highly competent and experienced, affording unrivalled commitment to customer service.
FUND ADMINISTRATION SERIVCES
- Net asset value (NAV) calculation and preparation
- Preparation of semi-annual and annual accounts
- Maintenance of the fund’s financial books and records
- Preparation of annual expense budgets and periodic accrual analysis
- Payment of the fund's expenses
- Preparation and distribution of portfolio performance
- Supervision of the orderly liquidation and dissolution of the fund
- Interaction with investment managers , traders, banks, counsel and auditors
- Independent audit coordination & assistance
- Full preparation and completion of audit files and auditor correspondence
FUND ACCOUNTING SERVICES
- Fund & portfolio accounting (onshore and offshore funds)
- Reconciliation of Monthly Broker Statements
- Independent portfolio pricing
- Calculation of full accruals for all operating expenses, commissions, management and other fees
- Review of partner capital allocations
- Maintenance of general ledger and investor information
- Calculation and tracking of high water marks and performance incentive allocations
- Calculation of partner rates of return
- Master-feeder structures
- Multiple share classes and side pockets
- Multi-currency capability
- Preparation of monthly financial statements in conformity with Generally Accepted Accounting Principles
INVESTOR SERVICES
- Completing AML and KYC due diligence reviews
- Establishment and maintenance of a partner register (the ‘share register’) of the fund
- Registrar and transfer agency services
- Shareholder recordkeeping/servicing
- Financial controls
- Processing subscriptions and redemptions
- Preparation of individual partner capital account statements
- Investor communication (distribution and shareholder) and reporting