Fund Services Overview
The daily core responsibility for Amber Services Limited’s Fund Accounting teams is to generate Net Asset Value (NAV) calculations while maintaining the highest quality levels in terms of NAV accuracy, completeness, and timeliness. The teams handle the whole range of fund products in an environment of growing complexity of investment funds structures, sophistication of investment strategies and ever-increasing regulatory constraints.
Amber Services Limited’s fully integrated global fund accounting system and high-speed, real-time processing enables us to deliver accurate financial information, multi-currency transaction processing and flexible valuation periods.
The foundation of our business is consistently providing clients with an accurate NAV in a timely manner. In order to do so, we maintain the highest of standards and strictest of operational controls. These controls include rigorous cash and position reconciliations that our fund accountants regularly perform to the fund’s custodians, prime brokers and counterparties. In addition, our teams perform management and incentive fee calculations as dictated by the fund’s offering documents and allocate the profit and loss of the fund to the individual investors or share classes. Additionally, we regularly liaise with the fund’s auditors to help facilitate a smooth process at year end.
- Calculate net asset values as required in client-specified time frames.
- Independent valuation of the fund(s) portfolio to ensure accuracy and accountability.
- Automated calculation across all performance structures or fund structures.
- Provision of Investment Managers’ reports including portfolio analysis and corporate governance.
- Independent reconciliation and verification of the portfolio to the prime broker/custodian.
- Maintain the share register and all anti-money laundering information on investors as required by global regulatory and compliance standards.
- Maintain books and records of the fund in accordance with the funds governing documents.
- Monitor and record all corporate actions relating to the portfolio.
- Reconcile and record all income and expense accruals attributable to the fund.