Industry News
Business and Leadership speaks to Centaur
[vc_row][vc_column][vc_empty_space height=”25px”][vc_column_text] 12 March 2012 Centaur Fund Services (Centaur) was formed in 2009, although the founding partners had worked together for previous companies since 1996. As one of the founding partners, Karen Malone, explains, Centaur is an independent fund administration company that provides professional services to alternative investment funds. “At the time of set up…
Read MoreISAE 3402 Type II Report replaces old SAS 70
[vc_row][vc_column][vc_empty_space height=”25px”][vc_column_text] 26 July 2011 Centaur is amongst the early adopters of the new International Accounting Standard “ISAE 3402” Independent Service Auditor’s report. Eric Bertrand, Director of Centaur, comments: ” Being an early adopter of the new accounting standard demonstrates Centaur’s attention to client service within a controlled environment. We are very pleased to have moved seamlessly from…
Read MoreCan Your Administrator Damage Your Fund’s Relationship With Investors?
[vc_row][vc_column][vc_column_text] Although a lot of the emphasis in administration circles is put on NAV reporting and valuation, another key aspect of administration servicing is that of investor services. In my experience though, investor services for many administrators is an afterthought rather than a core service that adds value to funds and investors. The fundamental reason…
Read MoreDo ‘Start Up’ Funds Really Understand Investors?
[vc_row][vc_column][vc_column_text] I am spending a lot of time in London at the moment talking to fund managers, investors and various fund counterparties. It seems clear from talking to investors that their big concerns over administration focus on two main issues: Do the assets actually exist? i.e. is the administrator independently reconciling the fund’s accounts and…
Read MoreHedge Fund Managers Accuse Administrators Of Washing Their Hands Over Asset Valuations
[vc_row][vc_column][vc_column_text] This summer we commissioned a survey to find out what hedge fund managers thought about their fund administration. The results revealed that an alarming number of the hedge fund managers surveyed, are unhappy with the position many administrators are now taking over the valuation of fund assets. In survey results released this week, the…
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