40 years: Fund management
In this video, Mark explains the administration process involved in running an investment fund. Additionally, he explains the roles that these individuals play both inside and outside of Asset Management firms, as well as what their responsibilities are.
In this video, Mark explains the administration process involved in running an investment fund. Additionally, he explains the roles that these individuals play both inside and outside of Asset Management firms, as well as what their responsibilities are.
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13 mins 26 secs
Asset managers invest on the behalf of other companies or individuals. To ensure they operate effectively they’ll have a team around them to help with the administration process. They need to ensure that assets are correctly valued and held safely, trades are settled, financial statements are prepared and that there is an up-to-date record of ownership of the fund. Some of these responsibilities are outsourced to other companies, but the responsibility always remains with the asset manager.
Key learning objectives:
Outline the roles of the asset management administration team
Understand what some of the external parties do
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The administration team is there to ensure that the asset managers can undertake their role as smoothly and effectively as possible.
Roles:
One of the roles within the administration process that is outsourced is the role of the transfer agency.
The transfer agency has several roles:
Another organisation employed by asset managers is a custodian, this is the organisation responsible for safekeeping investors assets. The custodian may have a different name depending on where in the world you are based.
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