FUND ADMINISTRATION EXPERTISE

Transcription

1 Corporate Overview

2 FUND ADMINISTRATION EXPERTISE Centaur delivers independent fund administration and regulatory services worldwide to hedge funds, fund of funds, private equity funds, real estate funds and family offices. Our experienced team, contractual terms and operational excellence are core to our success and enable Centaur to deliver customized solutions based on our clients requirements. Centaur provides fund administration services to some of the world s largest institutions. We service over 40 client groups and our assets under administration is currently approximately $15 billion. These client groups range from large institutions managing multiple billions in multiple fund products to boutique firms managing single strategies. Centaur provides services to clients in Europe, the US and Asia and has been approved after extensive due diligence processes by more than 100 institutional investor groups. Our comprehensive range of services includes fund administration, investor services and regulatory services. Founded in 2009, Centaur is regulated by the Central Bank of Ireland under the Investment Intermediaries Act and by the Bermuda Monetary Authority. The firm s success has led to significant growth every year since inception. With offices in Dublin, New York, London and Bermuda, Centaur is quickly becoming an international standard bearer for the fund administration industry.

3 ACCOUNTABILITY COUNTS Centaur is a trusted name in the fund management industry. We have grown our business to meet the needs and successes of our clients. Our clients growth is driven by investments from new institutional investor groups, primarily in the US, Europe and Asia. Each of these groups has carried out extensive due diligence and subsequently approved Centaur. ACCOUNTABILITY We take responsibility by signing up to detailed deliverables in our legally binding administration agreements and agreeing comprehensive service level agreements with our clients. Centaur also takes an active role in areas such as valuation committee meetings and board meeting preparation. EXPERIENCE Centaur s experience and continuity of staff run throughout the firm. The owners and senior management team have worked together since 1997 and bring a wealth of industry knowledge and experience to Centaur. Each member of this team is continuously on hand to deal with any queries and guide clients through the fund administration process. OPERATIONAL EXCELLENCE Centaur uses proven technology to deliver customized reporting to our clients, resulting in significant efficiencies and savings to every client. OUTSTANDING CLIENT SERVICE A complete understanding of stakeholder needs underpins the business. Clients deal with dedicated teams which are clearly identifiable and responsive to their requests. All members of the team work closely together in the same location. Experienced staff is always on hand to deal with queries.

4 TECHNOLOGY LEADERS Centaur has invested heavily in a technology platform which delivers open, transparent, customizable reporting to hedge fund stakeholders. We believe that leading-edge technology is critical in helping us deliver our services to clients and we constantly endeavor to utilize the best technology to service our client needs. Our platform has FIS (Sungard) Investone, HWM Mantra, efront and Blueprint at its core, sitting on a virtual environment. As fund administration becomes increasingly complex and regulatory requirements grow, so too does the risk of cyber security threats. At our core, Centaur believes in the importance of managing information security as a result, we constantly review our processes and controls. We proactively implement technology improvements that harden and increase the security of our systems.

5 FUND ADMINISTRATION Centaur is uniquely positioned to reduce our clients cost base and increase their operational efficiencies. Irrespective of the strategy, structure or jurisdiction, Centaur can add value to each stakeholder. Our experienced teams work with clients to develop customized solutions. We deliver accurate and timely reports to all stakeholders, which are independently calculated in an automated and controlled working environment. Our fund administration services include: External valuation service NAV calculation Payment of fees and expenses Corporate action processing and verification Middle office support Financial statements and management accounts preparation Tax assistance Verification of assets Audit assistance Middle Office support Complex fee calculation Customized data extract and reporting.

6 INVESTOR SERVICES Centaur handles all investor-related activities, including documentation processing, investor communications, compliance monitoring and transparency reporting. INVESTOR SERVICING Detailed review of all application forms and offering documents Dealing with investor queries and assistance in completing documentation Capital calls and distributions Daily reporting for pending trades Onshore and offshore investor-level reporting Maintenance of investor register COMPLIANCE MONITORING Anti-Money Laundering World-check monitoring Tracking of investor categories (e.g. ERISA limits, geographical limits) Regular reporting to the fund on investor activity and exceptions. REPORTING For investment managers and investors, Centaur offers a variety of reporting measures tailored to investor needs and multiple communication tools to provide information, including access to our secure network to retrieve customized data.

7 REGULATORY SERVICES Centaur takes on the ever-increasing burden of regulation as part of its commitment to accountability. We understand regulation and our outstanding team ensures that our clients remain fully compliant with all regulatory developments and reporting requirements, including AML, AIFMD and FATCA. We continue to innovate as new services are needed. Our regulatory services include: Registration of funds as Foreign Financial Institutions ( FFIs ) with the US Internal Revenue Service ( IRS ) Establishment and maintenance of FATCA/CRS status for investors Acting as Responsible Officer ( RO ) and Point of Contact ( POC ), as required, for both the IRS and Local Competent Authority ( LCA ) Reporting to the IRS or LCA Ongoing compliance monitoring and reporting.

8 CORPORATE SERVICES Centaur provides a comprehensive and specialized range of corporate secretarial services, including: ROUTINE COMPANY-RELATED MATTERS Acting as the main point of contact for Directors queries Organizing, attending and minuting board meetings, audit committee meetings and valuation committee meetings Ensuring documents are approved by the board and executed thereafter Monitoring the payment of company s annual fees and monitoring annual filings. NON-ROUTINE COMPANY-RELATED MATTERS Change of director or service provider Drafting resolutions to approve additional dealing days, signatory lists, amended offering documents etc. Applying for an extension to submit financial statements Amended constitutional documents Liquidations.

9 AIFMD SERVICES Centaur Financial Limited, as part of the Centaur Group, provides AIFMD depositary services for managers of non-eu-domiciled alternative investment funds. Our experts assist clients with the AIFMD regime and work with them to ensure they meet their depositary requirements in a timely and efficient manner. Services include: CASH FLOW MONITORING: ARTICLE 21(7) Ensure access to all cash account information held by or on behalf of AIFs, including payment information relating to subscriptions by investors Ensure all institutions where accounts are held meet the requirements of Directive 2006/73/EC (regulatory status and verification) Conduct cash flow movement reconciliations and cash flow monitoring. OVERSIGHT FUNCTION: ARTICLE 21(9) Conduct monitoring to provide reasonable assurance that investor transactions have been processed correctly and in accordance with the applicable laws and the AIFs constitutional documents Conduct monitoring to provide reasonable assurance on the AIFs compliance with investment restrictions and leverage restrictions in the AIFs constitutional documents Conduct monitoring to provide reasonable assurance that trades are settled within an acceptable timeframe and that any income is applied by the AIF in accordance with applicable law and the AIFs constitutional documents.

10 EUROPE DUBLIN Karen Malone Chief Executive Officer 2nd Floor, 2 Custom House Plaza IFSC, Dublin, D01 V9V karen.malone@centaurfs.com LONDON Gavan McGuire Head of Business Development 14 Berkeley St., London, W1J 8DX gavan.mcguire@centaurfs.com NORTH AMERICA NEW YORK Marc Weaver Chief Operating Officer 450 Lexington Avenue WeWork 4 th Floor, New York, NY marc.weaver@centaurfs.com BERMUDA Marc Weaver Chief Operating Officer Ideation House 94 Pitts Bay Road, 1st Floor Pembroke HM 08, Bermuda marc.weaver@centaurfs.com