Fund Administration

Many fund managers choose to outsource the fund administration function to a third party provider who can independently verify and accurately value fund assets, providing investors with an added layer of protection.

An independent administrator helps fund managers stay on top of their compliance and reporting obligations while allowing fund managers to focus on the core aspects of managing their fund, such as investment selection and capital sourcing.

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Unity Fund Services, an affiliate of One Investment Group, provides a comprehensive range of fund administration, accounting and taxation services to fund managers, including:

  • Maintaining customary financial and accounting books and records, including:
    • Processing trade-related transactions and mandatory corporate actions
    • Processing of non-trade related transactions such as cash movements
    • Reconciliation of bank accounts
  • Portfolio reconciliation and valuation
  • NAV calculation
  • Providing reporting packs of financial statements
  • Calculating and processing distribution payments declared by the trustee
  • Arranging payments of operational expenses
  • Preparing and lodging BAS returns
  • Management and performance fee calculations
  • Preparing books and records to facilitate external audit
  • Preparing annual statutory accounts in accordance with Australian Accounting Standards

Unity Fund Services currently service in excess of 100 funds across 40 investment managers covering hedge funds, fixed income, credit, property, agriculture, currency, long-only equity, fund of funds, listed investment companies and commodity funds.

For more information about our administration services, visit Unity Fund Services’ website or contact us here.