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Daiwa provides fund administration services for a wide variety of alternative investment products covering most hedge fund and fund of hedge fund strategies. Our service covers all the constituent parts required to independently produce a fund's dealing or indicative net asset value (NAV) on a monthly, weekly or daily basis.
Being focused toward the servicing of hedge funds, we understand the unique needs of such products and are able to service their complex fund structures, performance fee methodologies, multi-currency share classes, regulatory and accounting requirements. Anticipating clients' needs and offering a unique guidance to their fund's requirements is second nature at Daiwa.
Our sophisticated systems allow us to service all types of hedge funds and handle high daily trading volumes, automatic independent broker reconciliations and independent pricing functions. We have also developed performance attribution reporting, which provides clients with detailed and tailored analysis of their portfolio performance. Our web enabled reporting capability allows our clients to export and interrogate the portfolio information online, and is operated under the strictest SSL security.
Daiwa's team of qualified accountants work closely with clients and other parties in preparing annual and semi-annual financial statements. Through our long established relationships with all of the major international auditing firms, we co-ordinate annual fund audits and any other specialised audit work necessary, such as that required for a stock exchange listing.
Working with local taxation advisors, our Fund Accounting Department provides investor taxation services as well as meeting the fund's regulatory filing requirements.
Under the investor taxation services, Daiwa have the necessary system capabilities and staff experience required under the German Investment Tax Act. As part of this, we have the capability to calculate the Aktiengewinn for relevant funds for each dealing NAV and prepare and conduct necessary year end calculations for audit and certification by the appointed Tax Advisor. We work with the appointed Tax Advisor to ensure the necessary year end filing requirements are fulfilled to achieve Tax Transparency under the Investment Tax Act. |
