Overview
Fund of Funds for OCIO’s
Fund of Funds (FoF) structures can be complex to administer and manage at scale for OCIO’s and other FoF providers due to the many layers in the FoF structure, multiple different rebalancing methods, different charging structures, different valuation points across geographies, sophisticated switching processes and the different trade order management approaches required by fund managers.
FoF structures are also used by European life and pensions companies in unit-linked funds, US life and annuity companies in separate accounts, Australian providers of FoF for Superannuation investment and more generally, asset managers and pension providers offering Target Date Funds, Lifestyle funds and funds for Defined Benefit/Defined Contribution (DB/DC) pension schemes.
OCIO’s and other providers of FoF structures can automate all the above complexities and reduce costs and operational risk with InvestPro
Set and automate investment rebalancing
Maintains hierarchical structure
Add new fund of funds and new levels with ease
Trusted by 150,000+ funds
Key Benefits
Boost Investment administration efficiencies, reduce operational costs and mitigate risk
- Maintain asset allocation ratios in the FoF structure
- Automate multiple rebalancing methods
- Automate the calculation of unit values/prices
- Automate trade order management, confirmations and settlements
- Aggregate trade orders
- Automate complex interfund charging structures and charge rebates
- Automate complex switching transactions between funds
- Real-time oversight
- End-to-end solution
Other Key Features
Unit Pricing and NAV Cash Allocation and Rebalancing Oversight & Audit Asset and Portfolio Valuations PRIIPs Fund Performance ReconciliationsUnit Pricing and NAV
What it does for you
- Market data interfaces to all major providers
- All major asset classes covered
- Full audit trail and history of records of past valuations
- Exception based reporting
- Accounting for asset disposals on the first-in first out or average cost basis
- Complex fund charging structures
- Allowance for UK ‘I-E’ taxation provisions for life funds
- Multiple valuations on a single date to fulfil separate requirements
Cash Allocation and Rebalancing
What it does for you
- Convert unit/share in fund of fund movements easily
- Synchronized timing of trade execution and unit creation
- Create new shares/units in collective funds directly from client cashflows
- Algorithmic calculation of trade orders and automatic placement of trades to market
- Implicit and explicit box management functionality for all funds
- Configurable compliance rules ensure allocations are checked before approval
- Automated Model Portfolio rebalancing and risk monitoring settings
- Manage higher volumes of funds with little increase in time or staff cost
Oversight & Audit
What it does for you
- Meet compliance requirements and reduce financial and reputational risk.
- Pre-loaded with best-practice validation rule checks.
- Complete user control/ configuration over rule settings.
- Increase regulator, board and policyholder approval and satisfaction.
- Best of breed validation rules out of the box with easy customisation.
- Low touch, highly automated and exception based.
- Intuitive user interface makes configuration easy for all users.
Asset and Portfolio Valuations
What it does for you
- Produce lightning fast valuations
- All major asset classes covered
- Inbuilt links to external data providers
- Exception based automation increases operational efficiency
- Full drilldown records of past valuations as standard
- All fund structures covered, flat, tiered and a combination of both
- Supports complex individual fund charging structures
- Realise administration efficiencies through automation
PRIIPs
What it does for you
- Automate KID production in a controlled environment
- Minimise dependencies on external parties
- Covers direct funds, fund of funds and single and regular premium PRIIPs
- Exception based processing to reduce risk
- Data analytics on the PRIIPs dataset
- Produces additional point of sale material
- Pre and post-sale PRIIPs including KID charges calculations
Fund Performance
What it does for you
- Accurate fund performance straight from the investment database.
- Achieve operational Alpha in asset management by streamlining and automating fund performance.
- Auditable record of all fund performance calculations in the Invest|ProTM database.
- Reduce the operational risks of transferring data to other systems and using spreadsheet macros.
- Decreased costs for data management.
- Increased Administrative efficiency.
- Effortless sharing of all performance calculations.
- Comprehensive graphical analysis of fund performance and risk metrics.
- Powerful Reporting – Deliver detailed, granular, insights into historical fund performance over any chosen time period.
Reconciliations
What it does for you
- Reduce operational risk across investment administration
- Verified asset positions for robust reporting
- Reduce the risk of mismatch and errors with daily automated bank reconciliations
- Independent checks on trading functions
- Matches multiple banks to system transactions
- Find data exceptions before they become financial problems
Schedule a Live Demo
Need more information or want to arrange a demo of InvestPro? Contact our team today and we will be happy to help!