Fund Administration
Fund administration is the cornerstone of Catalyst’s single source service solution.
We provide core, independent fund administration services that deliver transparency, efficiency, and reporting excellence regardless of asset class.
By combining state of the art technology with a team of seasoned fund accountants, and our ‘concierge’ client service, we offer clients a market leading NAV reporting product that can be tailored to suit a range of intervals and valuation periods.
Our connected global team works on a collaborative basis to design and implement hybrid solutions that incorporate elements of custom product development, product integration, process automation and high-touch relationship management to deliver high quality, institutionally scalable services at a competitive price.
PRODUCT OFFERING
Catalyst’s fund administration service is broken down into three key service areas – Fund Accounting, Investor Services, and Treasury Services incorporating Registrar and Transfer Agency (RTA).
While the products are complementary and the Catalyst teams working on each product work in unison, Catalyst does offer clients the ability to contract them for one or more of these services.
• Client Implementation
• Registered Office services
• AEOI Services (FATCA/CRS)
• AML Compliance Services
• Corporate Secretarial assistance and Board Support
• Fund specific paralegal and document support
• Assisting in the filing and provision of fund related Identifiers – ISIN
code, Bloomberg TKR, etc
• Broker and bank account opening support
• Intermediary (legal, audit, broker) connection and support
• Fund pre-launch assistance and counterparty referral
• Tax reporting
• Trade capture and reconciliation
• Trade monitoring, Exception management
• Pre-trade settlement and matching
• Margin and Collateral Management
• RTA additional Services (FX Management, etc)
• Risk & Regulatory Reporting
• Trade capture and reconciliation
• Trade monitoring, Exception management
• Pre-trade settlement and matching
• Margin and Collateral Management
• RTA additional Services (FX Management, etc)
• Risk & Regulatory Reporting
| Client Type | NAV | RTA |
| Hedge Fund Administration (Liquid Funds): | Daily, Weekly, Monthly & Quarterly |  |
| Private Equity Fund Administration (Illiquid Funds): | Quarterly, Semi-annual & Annual | |
| Family Office Fund Administration: | Monthly, Quarterly & Semi-annual | |
| NAV outsource only: | Monthly, Quarterly & Semi-annual | N/A |
Fund Accounting
Periodic Net Asset Value (NAV) Calculation - The NAV Calculation product for Catalyst offers a full-scale solution for all types of managers. Starting with a highly detailed and complex deliverable done on a daily basis to a less frequent weekly, monthly, semi-annual or annual deliverable. Catalyst delivers reporting to meet its clients' needs.
Trade Transactions – Capturing and booking of all trade-related transactions.
Non-Trade Transactions – Capturing and booking of non-trade related transactions (cash movements and expenses);
Subscription and Redemptions – Booking and recording subscriptions and redemptions.
Cash Reconciliation – Reconciling cash balances for all fund related accounts.
Income and Expenses – Calculating income and expense accruals.
Allocations – Allocating of income, expenses, gains and losses to Investor capital accounts.
Expense Reimbursements – Calculating reimbursement of organizational and offering expenses, as required.
Corporate Actions – Processing all corporate actions on the Fund’s Interests in accordance with the details provided by vendor sources.
Management and Performance Calculations – Calculating management and incentive/performance fees with supporting schedules (where applicable).
Independent Portfolio Pricing – The use of pricing agents to determine accurate, independent valuation of assets/instruments.
Audit Queries – Assisting with the Fund accounting related annual audit queries.
Investor Services
KYC Collection – Collect and collate all anti-money laundering and due diligence documentation of investors.
Ongoing Risk Reviews – Perform routine scans and due diligence refresh, according to the Catalyst internal risk rating.
Subscriptions and Redemptions Monitoring – Monitoring and assist investor subscriptions and redemptions and perform ongoing checks and maintenance to ensure details are kept current for all investors.
Subscriptions and Redemptions Processing – Processing subscription, redemption, transfer, or switches.
Share Register Maintenance – Maintain the official share register and send to the Registered Office, when needed.
Investor Statements – Issue investor statements and confirmation notes as per the Service Level agreement.
Investor Communication – Distribute investor communications as per the fund Services Level Agreement.
Investor Queries – Answer all investor and potential investor queries via phone and email.
Redemption / Dividend Payments – Arranging for redemption or dividend payments when necessary.
Trade Receipts – Communicate ‘Trade Receipts’ (all new subscription/ redemptions) to investors.
Investor Pricing Platform Communication – Reporting investor information to the various pricing platforms as required.
Investor Communications – Distribute investor communications and audited financial statements.
Requesting Directors’ Resolutions when needed.
Audit Assistance – Providing assistance with investor and fund audits.
Treasury Services
Bank Account – Access and control funds Investor Services and Expense related bank account
Expense Payments – Act as the administrator of the funds Investor Services and Expense related bank account and ensure access is granted and maintained for all approved users (per the instruction issued by a fund Authorized Signatory).
Payment Processing – Input and process all fund-related expenses.
Subscription / Redemption Wires – Processing wire transfers related to subscriptions and redemptions to and from the fund broker accounts according to standing instructions.
Redemption Payments – Process fund related redemption payments to approved counterparties.
Account Access – Access and input rights for funds investment and margin cash management account.
Template Creation – Input and creation of templates for any fund investment payments (e.g., fund of fund), according with proper instructions and documentation.
Fund of Fund Trade Execution – Management of the trade order, execution and settlement processes.
VALUE CREATION
By integrating and customizing industry leading technology into Catalyst’s fund administration service, our clients experience the following benefits compared with most other traditional fund administrators:
A Reduction in
Human Error
Increased Access to Real-Time Data
Added
Customization
Simplified
Deliverables
SPECIALIST EXPERTISE
Catalyst’s single source solution is tailored to suit a wide range of asset classes. Our global team is comprised of subject matter experts and technologists who understand the complexities and unique characteristics of each asset class, as well as their overarching fund structures. We have created robust service solutions to address their individual requirements.
OTHER SERVICES
Click on one of the menu options below to learn more about Catalyst’s other core services.
Corporate
Services
Accounting
Corporate
Services
Accounting
