Fund Administration, Compliance and Anti-Money Laundering

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HCM provides an array of fund administration services:

Fund Accounting

  • Maintenance of the general ledger in accordance with IFRS
  • Calculation of income and expenses
  • Recording of receipts, payment confirmations and other supporting documents.

Net Asset Value (NAV) Calculation

  • Calculations of the NAV in accordance with internal rules of the Fund
  • Reconciliation of asset and cash positions
  • Calculation of management and performance fees
  • Reporting to the Investment Manager and Board of Directors.

Transfer Agency Services

  • Execution of KYC/AML procedures on investors
  • Maintenance of the share register
  • Processing of any requests for transfers, subscriptions, and redemptions of units.

Anti-Money Laundering

  • Creating and reviewing AML procedures.
  • Conducting AML reviews and identifying deficiencies.
  • Performing due diligence on potential investors and counterparties.
  • Preparation of the Fund Manager’s annual AML report and the AML Monthly Prevention Statement.

Regulatory Compliance

  • Preparation and submission of reports to local regulators.
  • Preparation of the necessary reports to the fund’s Board of Directors.
  • Handle queries relating to regulatory compliance issues.
  • Reviewing the Internal Procedures Manuals, the Subscription/Redemption Forms, and the Fund’s Client Acceptance Policy.
  • Conducting compliance reviews and identifying deficiencies.

Middle & Back Office Services

  • Liaising with the depositary and the regulator where necessary.