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Tony is a divisional director in SANNE’s Hedge business division and works closely with its executive team to deliver the division’s business plan. Tony is responsible for the client relationship management strategy and investor services in the division.
Prior to joining SANNE, Tony was a senior member of the IDS Fund Services team and worked at the leading hedge fund administration business since its inception in 2002.
Tony graduated from UCT in 1986 with a Bachelor of Commerce (Accounting) degree and worked for First National Bank (Formerly Barclays Bank) as a corporate banker. Prior to that he ran his own independent financial services business.
Tony Christien's specialisms
Hedge Fund administration
Our wide scope of services is delivered by a skilled and dedicated team to ensure that client objectives are supported and synergies are established at every level.
We administer the following types of funds - Collective investment schemes, Equity Long/ Short and Market Neutral funds, Commodity funds, Fixed income funds, Multi-strategy funds, Funds of hedge funds, Mezzanine debt funds as well as other combinations of multi-currency and multi-jurisdictional structures.
A key service provided to clients is the calculation of an independently valued portfolio Net Asset Value (NAV). This is produced at a frequency required by the fund, in line with its liquidity requirements and ranging from daily to quarterly reporting.
We offer clients a full spectrum of accounting services, from the maintenance of fund accounting records and the processing of expenses, management and performance fees and corporate actions, through to the best practice preparation of annual financial statements and coordination of the annual audit. Investor servicing is provided in an integrated solution with an ability to maintain a full share register or partner capital accounts. Fund Accounting is responsible for the maintenance of fund accounting records in accordance with local laws, regulations and accounting standards.
Other services encompassed in the offering include fund of fund custody, cash management and middle office services.
Regulated Fund Administration
SANNE's Management Company is a registered and licensed Collective Investment Scheme Management company regulated by the Financial Services Board. This allows it to provide investment managers with an outsourced portfolio hosting platform for hedge fund and unit trust portfolios. The investment manager is able to focus on their core activity of investment decision making.
Core deliverables of the Management Company are to ensure regulatory and mandate compliance of the portfolios and to perform an independent risk monitoring function. The Management Company maintains a strong internal control structure to minimise risk of operational and financial failure.
Our license also enables us to offer hedge fund managers a number of choices:
> Collective Investment Schemes in Securities
> Retail Investor Hedge Funds
> Qualified Investor Hedge Funds
Private Equity Fund Administration
Our dedicated Private Equity focused fund administration business teams perform a full range of services, including fund establishment, regulatory applications, transaction management, administration, corporate governance and financial reporting. Our services include:
- Fund structure implementation
- Investor client due diligence checks
- Launch, closings and equalisations
- Domiciliation and provision of directors
- Capital call / distribution activity
- Deal process management
- Cash management and Treasury services (link to ITS team)
- Asset safeguards including safe custody and provision of bank signatories
- Regulatory compliance
- Compliance with local regulatory regimes
- Assistance with AIFMD Risk and Portfolio monitoring
- AIFMD Annex IV Reporting
- Portfolio monitoring and reporting – Limited partnership interests and direct portfolios
- Financial reporting
- NAV and performance calculations
- Waterfall and incentive allocation calculations
- Investor reporting including ILPA reporting
- FATCA/CRS reporting
- Investor communications
- Listed funds stock exchange continuing obligations