Daiwa has a dedicated experienced fund establishment team, who in conjunction with our in-house legal and technical experts, project manage the launch of each new fund into the live environment. Typically we provide business solutions, technology integration and advice on the fund structure and domicile depending on clients' specific requirements.

All aspects are encompassed, including:

• Review of fund offering documentation
• Coordination with legal counsel, custodians, prime brokers, counterpartys, directors and auditors
• Creation of an Operation's Memorandum governing operational procedures and communication timings and flows
• Creation of portfolio trade interfaces, broker reconciliation interfaces and electronic fund reporting links
• Provision of specialist portfolio pricing solutions
• Review of performance fee methodology
• Opening of subscription bank accounts
• Liaising with the appropriate regulatory bodies

The process is extensive and is designed to recognise and test all aspects associated with a new fund set up ensuring a smooth transition into the live environment.

The Transition Team also project manage the transition of funds from other fund systems and service providers, including automatic capture of take-on data, parallel running and balance sheet review.