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Financial Services

Administering Your Fund, Day to Day

We handle the NAV calculations, fund accounting, and financial reporting that keep a fund compliant and its investors informed.

Overview

Administering Your Fund, Day to Day

Fund Administration & Accounting covers the ongoing operational work that keeps a licensed fund running accurately after launch, valuing the portfolio, calculating NAV, and producing the financial reporting investors, auditors, and the regulator expect.

We manage the full accounting cycle: pricing the portfolio, calculating and publishing NAV on the agreed schedule, tracking fees and expenses, and preparing financial statements to IFRS or the standard the fund requires. For promoters who want to operate their own administration business rather than engage ours, we also manage the CIS Administrator Licence application.

Full Cycle
NAV to Financial Statements
From periodic NAV calculation through to audited annual financial statements.
IFRS
Reporting Standards
Financial statements prepared to IFRS or the standard your fund, auditors, and investors require.
Direct
Auditor Coordination
We work directly with the fund's auditors each reporting cycle, reducing back-and-forth for the promoter.

What We Provide

Key Features of Our Fund Administration Service

NAV Calculation
Valuing the portfolio and calculating NAV on the fund's agreed schedule (daily, weekly, or monthly).
Fund Accounting
Maintaining the fund's books, tracking capital activity, and reconciling positions against custodian and prime broker records.
Financial Reporting
Preparing periodic and annual financial statements to IFRS or the standard the fund requires.
Expense & Fee Management
Calculating management and performance fees, and tracking fund expenses against the offering documents.
Auditor Liaison
Coordinating directly with the fund's auditors through each reporting cycle.
CIS Administrator Licensing
For promoters establishing their own administration business, we manage the FSC application for a CIS Administrator Licence.

Process

How It Works

01
Onboarding & Data Setup
Establishing the fund's chart of accounts, valuation policy, and reporting calendar.
02
Portfolio Valuation
Pricing the portfolio's holdings on each valuation date, using the agreed sources and methodology.
03
NAV Calculation
Calculating and publishing NAV, including fee accruals and expense allocations.
04
Periodic Reporting
Preparing management accounts and periodic reports for the promoter and investors.
05
Annual Financial Statements
Preparing year-end financial statements and coordinating the audit process.
06
Ongoing Reconciliation
Reconciling fund records against custodian, prime broker, and bank statements on an ongoing basis.

Requirements & Eligibility

Requirements & Eligibility

When This Service Applies

  • A licensed fund needs an administrator to calculate NAV and maintain its books once it's operational
  • A fund's existing administration arrangement needs to be transitioned to a new provider
  • A promoter is establishing their own fund administration business and needs the CIS Administrator Licence
  • Investors or auditors require independently prepared financial statements to a recognised standard

Administration Considerations

  • NAV frequency and valuation methodology should be agreed and documented before the fund launches
  • Reconciliation against custodian and prime broker records depends on timely, accurate data from those parties
  • Reporting standards (IFRS or otherwise) should be confirmed early, since they affect the fund's chart of accounts and disclosures

Common Questions

Frequently Asked Questions

NAV can be calculated daily, weekly, or monthly, depending on the fund's strategy and investor terms. We agree the schedule with the promoter before administration begins.
Yes, fund administration services can extend to funds domiciled outside Mauritius, subject to the specific requirements of the fund's home jurisdiction.
Engaging Aurevya for fund administration means we handle NAV, accounting, and reporting on your behalf under our own licensing. Holding a CIS Administrator Licence means your own business is licensed to administer funds, typically relevant for promoters building an administration business rather than a single fund.
We prepare the financial statements; the fund's independent auditor then conducts the audit. We coordinate directly with the auditor throughout the process to keep it moving.
Yes, we manage the transition, including data migration and reconciliation, to move a fund's administration to Aurevya with minimal disruption.
Administration covers the fund's own books and NAV; investor-facing activity such as capital calls, distributions, and shareholder registers sits under Investor Services & Transfer Agency. The two typically work together.

Continue Exploring

Related Services

Fund Set-Up & Structuring
Choosing and licensing the right vehicle before administration begins.
Learn More about Fund Set-Up & Structuring →
Investor Services & Transfer Agency
Managing investor relationships, registers, and capital activity alongside fund administration.
Learn More about Investor Services & Transfer Agency →
Custody & Asset Safekeeping
Safeguarding the fund's assets through a licensed custodian.
Learn More about Custody & Asset Safekeeping →

Need a Fund Administrator You Can Rely On?

Speak with our fund administration team about NAV calculation, accounting, and reporting for your fund.

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