The Requirement and Solution
The Group was approached to deliver an efficient, competitive and timely solution including online custody statements and swift transaction processing.
The client then appointed our fund administration team as Manager and to provide administration and corporate services to the Fund. The transfer from the previous Manager was completed efficiently with clear process and procedures being established for the Fund’s specialist asset class.
In a further development between the Group and the Fund, we have created an Index which allows clients to spread bet the performance of the Fund. This enables clients to go “long” or “short” of the Fund’s performance and to make tax-efficient returns.
Across the Group we act as Manager of the Fund and as Custodian to the assets of the Fund.
In addition, exposure to this specialist asset class has been broadened due to the Fund’s link to the Kinesis spread bet trading account.