Fund Custody and Administration provides an overall perspective of investment funds without limiting its analysis to specific fund structures, as other books do. Because governance and oversight of investment funds are now major regulatory requirements, administrators and custodians must place greater emphasis on the custody and safekeeping of fund assets, on the independent and robust valuation of the assets, and on collateral management. By focusing on both the asset transactions made by the investment manager for the portfolio and on the transactions in the shares or units of the fund itself, it gives readers insights about the essential elements of investment fund management and administration, regardless of their geographical backgrounds. Explores the key stages in the investment process, from setting up a fund through its launch and operationExplains the roles of participants as well as the ways regulation affects the fund and its operationDescribes the work flow associated with custody and administration procedures and processesDefines the role of compliance and risk management in the context of the fund and also how compliance requirements apply to custodians and administrators INDICE: Part 1 Introduction to Investment 1.1 Investment Objectives 1.2 Collective Investment Schemes and the Investment Management Process 1.3 Asset Classes - Securities, Derivatives, Alternatives 1.4 Investment Strategies 1.5 Portfolio Management 1.6 Investment Performance Part 2 Regulation and Fund Structures 2.1 Objectives of the Regulation of Investment Funds 2.2 Fund Structures - Companies, Trusts, Partnerships, Common Funds 2.3 Retail Funds 2.4 Alternative Investment Funds 2.5 Open Ended and Closed Funds 2.6 Fund Jurisdictions 2.7 Key Players in the Operation of a Fund 2.8 Setting up a Fund 2.9 Outsourcing 2.10 Documentation and Agreements Part 3 The Day to Day Operation of a Fund 3.1 Fund Operations 3.2 Valuation and Accounting 3.3 Transfer Agency 3.4 Custody 3.4 The Work Flow for an Asset Transaction 3.5 The Work Flow for Subscriptions and Redemptions 3.6 Record Keeping and the General Ledger 3.7 Pricing and Computation of the NAV 3.8 Managing Corporate Actions 3.9 Securities Lending and Borrowing 3.10 Margin Calls and Collateral Management 3.11 Investor and Regulatory Reporting 3.12 Compliance 3.13 Problems in the Provision of Custody and Administration Services Part 4 Risk 4.1 Risks Faced by a Fund and How the Administrator Can Assist the Fund to Manage the Risks 4.2 Risks Faced by an Administrator and Custodian 4.2 Cased Studies and Illustrations of Risks and the Management of the Risks 4.3 Possible Future Changes and Challenges in the Fund Administration and Custody Environment
- ISBN: 978-0-12-804400-1
- Editorial: Academic Press
- Encuadernacion: Cartoné
- Páginas: 375
- Fecha Publicación: 01/06/2016
- Nº Volúmenes: 1
- Idioma: Inglés