What We Do
Fund Administration
- We have an integrated fund administration and accounting system, enabling us to provide a highly customised service. Our system integrates market data feeds and shareholder transactions with the ability to produce a wide range of reports. The core components of our fund administration
- A qualified Cayman based team with a dedicated principal point of contact for all services
- Full suite of accountancy services
- Flexible reporting frequency, with the ability to account for complex financial instruments
- Operating bank account management and reconciliation
- Automated market data feeds, independent verification of publicly traded securities, investor allocations and investor reporting, investment managers, directors, and depositories
- Processing of all capital activity and communicating with investors
- Calculating and paying all fees and expenses
- Preparing interim and year-end financial statements with note disclosures to conform to applicable accounting standards, including IFRS and US GAAP
- Liaising with auditors throughout the audit process, including acting as the primary point of contact and assisting with audit planning and responding to auditor requests
Registrar & Transfer Agency Services (RTA)
Our RTA services have been developed to be investor focused. Our services include:
- Maintaining the register of shareholders, limited partners or unitholders, as applicable
- Processing all capital activity; including all subscriptions, redemptions and transfers
- Investor communication and reporting including but not limited to account statements, newsletters from the Investment Manager and other ad-hoc reporting via a secure online portal, email or other delivery channels
- Maintaining the fund subscription and redemption bank account
- Collecting and monitoring information as required in accordance with the anti-money laundering (“AML”), counter-terrorist financing (“CTF”), counter proliferation financing (“CPF”) and sanctions obligations in the Cayman Islands
- Liaising with AML offices as needed
- Communicating with investors and assisting with queries
Additional Services
We can also assist with the establishment of the fund entity, various regulatory reporting, registered office services and other value added services, including:
- Pre- Launch Advisory
- Fund Establishment
- Registered and Principal Office Services
- AML Officers (via an affiliate)
- FATCA and CRS Reporting and Support Services
- Financial Statement Preparation
- Expense Management
Fund Establishment
We have extensive experience in assisting with the establishment of a new fund, and we work with our clients to make the process as efficient as possible. RHPFS offers a comprehensive range of fund administration services for investment managers. Additionally we offer hybrid solutions that typically involve some combination of technology and bespoke services. We regularly assist with:
- Introducing and liaising with legal counsel and auditors
- Consulting on fund structuring, internal controls and industry best practices
- Incorporation/formation of the fund legal entity
- Reviewing and commenting on the fund’s offering memorandum and related documents
- Registering with the various regulatory bodies as may be required
- Provision of Registered Principal Office Services