IBN is an independent global service provider who offers a full suite of comprehensive administration outsourcing services to Fund administrators and hedge funds. Over 10 years of operations, we have acquired expertise in back office fund administration by working with different fund administrators and other services providers. Value proposition of our Fund Outsourcing services is flexibility, reliability and transparency. Our fund administration services can be customized to best fit our client's individual requirements. Key differentiator of our back office service is that we provide our clients with global client relationship manager who has responsibility for service delivery and quality standards.
Preparation of books of accounts and calculating the Net Asset Value with reference to share movements
Preparation of Monthly / Quarterly financial statements tailored to client requirements, including Balance Sheets, Income Statements, Partner's Capital Allocation Schedules, and Fund Performance Schedules/p>
Monthly/Quarterly preparation of Investor Statements
Record expenses and capital transactions in accordance with US GAAP (including accruals, subscriptions and redemptions)
Reconcile cash accounts with statements provided by prime brokers or custodians
Maintain a record of each investor's capital balance and allocate profits and losses in accordance with the most current limited partnership agreement (or equivalent) provided by the Fund
Calculate management fee and incentive allocation/carried interest based on the Fund's governing documents
Liaise with the Fund's tax advisor and independent auditors, and provide accounting records to assist in the preparation of the Fund's annual income tax returns and annual audit.