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Fund Functionaries Partnerships
Valsen Fiduciaries provides qualified and experienced fund functionaries partnerships which include a fund manager, a fund administrator, a custodian, an auditor and a legal advisor.
The Fund Manger
A fund manager is responsible for implementing a fund’s investing strategy and managing its portfolio trading activities. A fund manager implements the chosen investment strategy by selecting when to buy or sell the assets held in a portfolio.
A fund can be managed by one person, by two people as co-managers, or by a team of three or more people. Fund managers are paid a fee for their work, which is a percentage of the fund’s average assets under management. With our experience in the industry we will outsource qualified and experienced fud manager to mage the funds.
Fund Administrator
A fund administrator is an outsourced third party service provider that protects the interests of investors by independently verifying the assets and valuation of the fund. By outsourcing the fund administration function, fund managers are allowed the freedom to focus on portfolio management internally. Typically, fund administration comprises two parts: fund accounting and the activities of registrar/transfer agent.
Custodian
A fund custodian is a trust company, bank or similar financial institution responsible for holding and safeguarding the securities owned within a fund. A fund’s custodian holds assets for safekeeping and can also provide a range of services including fund administration, fund accounting, legal, compliance, tax support and transfer agency services.
Auditor
Audited financial statements are an important tool for investors planning to invest in a fund; this is because these statements allow investors to understand the comprehensive operational due diligence. Due diligence is an important term for potential investors as it relates to the transparency of a fund regarding examining the fund’s operations, management and verification of information.
An auditor is a qualified individual capable of auditing a business. Auditing is an investigation and verification process of a business’ records and procedures.
Legal Advisor
The fund legal advisor advises the managers on applicable regulatory obligations, including required filings, examinations and registrations. Once the fund’s terms and regulatory structure are defined, the fund advisor will begin preparation of the fund’s offering documents (including the PPM, partnership agreement, subscription agreement, and certain regulatory filings).
Further, with our experience in the industry we will outsource qualified and experienced fund functionaries to manage the funds. We will be able to refer our clients to other qualified functionaries, including administrators, prime brokers and auditors.