What Is Fund Administration? Phoenix American - Fund Accounting Service - Behance
Simply put, fund administration is the outsourced performance by a third party of back-office functions for an investment fund. In terms of the investment portfolio (the asset side), fund administration involves fund accounting, tracking and reporting transactions and values for the portfolio as a whole and, if necessary, for the portfolio assets individually. In terms of the fund’s shareholders (the investor side), fund administration means establishing and maintaining the investor registry in a specialized fund administration software application and seeing to the investor-related administrative activity. This will include the processing of new investments and transfers, payment of distributions and sales commissions, capital calls, proxy voting and other necessary communications with the fund’s investors, their financial advisors, and other intermediaries and industry participants.
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Source: https://www.phxa.com/insight/what-is-fund-administration/
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