Our subsidiary, International Corporate Management of Bermuda (ICMOB) provides a complete range of Fund Administration services to funds of all sizes including new or start-up funds. Efficient and accurate Fund Administration is crucial to the success of any fund. Our team of professional fund administrators work closely with funds at all stages of development. We are a full service Fund Administrator, licensed and regulated by the Bermuda Monetary Authority.
We provide:
Fund Accounting
- Monthly, weekly, and daily Net Asset Value (NAV) accounting
- Provision of financial statements
- Liaison with brokers, custodians, bankers and auditors to assure accuracy and completeness
Shareholder Services
- Registrar and Transfer Agent services
- Delivery of net asset value (NAV) information and performance data
- Provision of shareholder contract notes and statements
ICMOB Fund Administration provides efficient services through state-of-the-art automation backed by a professional team. Our management environment includes:
- Electronic trade and price feeds for transaction processing
- Multi-currency revaluations
- Automated fee processing for administration, management, and performance fees, including multiple fees, tiered fees, per series and hurdle fee calculations
- Equalization calculations, including Series Share Class accounting
- Updates for master / feeder fund structures
- NAV transfer to Share register
- Online reporting to fund managers and shareholders
ICMOB also works closely with our Banking and Global Custody Departments to arrange for deposit accounts, online banking and international SWIFT transfers, and Global Custody services.
