IBN Technologies has over 5 years of experience in delivering leading edge Back & Middle Office Outsourcing services to a base of FOF and Hedge Fund Managers across the US, UK and European markets. IBN supports manager independence by giving the flexibility to control the business. IBN provides top quality services based on clearly defined and well respected SLA’s and adds significant value to a client’s business by delivering the most satisfactory solutions on time and within budget driven by process, resources and principles.
• Hedge Funds
• Investment Management Companies
• Money/Portfolio Managers
• Consultants and Service Providers
• Other entrusted with Managing investment assets
IBN assists in tracking, valuing and reporting of proportional ownership of multiple participants in Fund of Funds and Hedge Funds. We also assist in profit and expense allocations as well as multi-currency account reporting
• Income Recognition
• Expense Recognition
• Other Investment related Transactions
• New Deposits Accounting
• Series Accounting and Equalization Credit Accounting
• Withdrawals from Accounts
• Maintaining Records of Reinvestment
• Distribution of Income
• Calculation of Management & Incentive Fees
• Calculation of Fees (Depending on Partnership Classes)
• Calculation of Fees due Sales Agents
• Preparation of Monthly Financial Statements
We assist in reconciliation of data with Broker’s/Dealer’s or Custodian data which includes cross checking of trade transactions as per Fund Manager’s records and records sent to the Fund Manager by the Broker/Dealer and in the reconciliation of the Portfolio Holding by matching records with Custodian records.
Uploading of Electronic Data Services
• Preparing Uploading File from Broker/Dealer or Clearing Firm or Custodian (Daily, Weekly or Monthly basis)
• Verification of Required Data and its Format as required by software
Manual Entry Services
• Manual reconciliation of records also using Excel.
• Matching of Trades
Reconciliation Services
• Parameters like Date, Ticker Symbol or Cusip, Transaction Code, Transaction Quantity, Transaction Price, Trade Commission, Trade Fees, Accrued Interest, Transaction Net Amount for all account transactions, including trades, dividends and capital gain distributions, splits, deposits, withdrawals, etc.
The calculation and reporting of a fund’s NAV is the single most important function. The speed and accuracy with which this process is carried out are critical to maintaining investor and trading counterparty confidence. Our Outsourcing Services Include:
Batch Reporting (24/7)
• Reports Analysis using defined parameters
Performance Reporting Services
• Calculation of NAV including Full Accruals for Operating Expenses, Incentive Fees, Commission and other fees
• Transaction History
• Composition of Holding
• Graphic Data
• Income & Gain Information
• Portfolio Re-balancing
Cash Positioning Services