Hedge funds professionals
Hedge fund administration
Structures & funds administered
SANNE’s Hedge fund business is a leading provider of outsourced investment administration services to the asset management industry. Our offering encompasses middle and back office services for a broad range of fund types and structures, with specialisation in open ended funds such as hedge funds, funds of funds, unit trust / mutual funds as well as managed accounts.
Our team of more than 160 professionals based in Cape Town and Malta provides a highly tailored and personalised service. We service clients with customised administration solutions tailored to their needs, their investors’ needs and the requirements of the industry. We utilise industry-leading technology, and our strong internal controls minimise risk. This is reinforced by our annual ISAE 3402 accreditation.
We currently administer over $7bn in Hedge and other assets predominantly in South African, Malta and Cayman domiciled hedge and other alternate funds. The total number of funds that are administered exceeds 250.
We are actively involved in our industry. We are members of the Alternative Investment Management Association (AIMA), the South African Venture Capital Association (SAVCA), the Association for Savings and Investments South Africa (ASISA) and the Association of Chartered Certified Accountants (ACCA).
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
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