Ascent Fund Services | solution of finance

Singapore serves as the investment gateway to Asia with 67% of the total AUM invested in the Asia Pacific. In association with the Accounting and Corporate Regulatory Authority (ACRA), The Monetary Authority of Singapore (MAS) launched the much-needed Variable Capital Companies (VCC) framework on 15 January 2020. Here in this blog, you will get to know all about VCC, Venture Capital Fund Administrator , and the need.  Let’s read further without any delay and understand its significance in the world of investment and fund administration. The need of Variable Capital Companies (VCC) The conventional structure of investment funds i.e., a corporate vehicle (Private Limited Company) or a partnership (Limited Partnership) scheme are less complex and easy to administer. But also has numerous limitations for running an asset management business in the long run. In these structures, the subscription and redemption of shares are complicated as the decision is completely dependent on the majority

Fundamentally, the concept of fund administration is becoming more complex with every next release in regulatory norms related to investments. Today, fund administration is not limited to accounting and transfer agencies. It requires a thorough knowledge of calculation and management of the funds, income and expense accruals, financial reporting, financial statements, reports to shareholders and audit liaison, to name a few skills that the alternative investment fund administrator must-have.  But have you ever thought what is the need to improvise the role beyond the required traditional expertise? Because Fund Solution Provider require all the statistical and financial data to perform the Net-Asset-Value calculation process effectively, they are also dependent on data from the diverse field to evaluate Risk management, Performance measurement, Compliance, Reporting and others. The continuously changing norms and extended responsibilities forced managers to rely on Alternative Investm

These days, the Investment Managers opt for third-party services to get their Fund Net Asset Value (NAV) calculated. Authenticity of the evaluation is carried out by an in-house Shadow NAV Administrator whose duty involves reconciling the data against that of the broker or prime custodian. These fund administrators are well-versed in different ways to evaluate the NAV, however, before posting the official Net Asset Value, the final confirmation from Investment Manager is also needed. Well, all that’s great, but why is there a need to get the data reconciled by shadowing the fund administrator? This blog will clear all the doubts with some leading reasons that will make you hire the one. Introduction to Shadow Accounting The Shadow Accounting is a comprehensive methodology to maintain an additional set of financial records to compare it with the third-part fund administrator. Shadowing the fund administrator helps in providing precise and accurate data. Besides, shadow accounting facil

The Variable Capital Company (VCC) is the latest and innovative fund management strategy which has brought Singapore to the forefront of global investment services. It has provided many opportunities for the VCC fund administrator to manage the fund and support the related activities. VCC is a legal framework provided for investment funds that need to be domiciled in Singapore. It intends to offer an alternative for the existing fund or collective investment schemes like partnerships, unit trust, cooperations, etc. Some of the notable key features of VCC includes:   VCC is set up as a single stand-alone fund or as a main VCC with multiple sub-funds.   VCC can be used as a traditional or alternate fund strategy in closed/open-ended forms.   In the tax aspect, it will still be considered a regular Singapore company. What has made Variable Capital Company so powerful?  Several reasons have made VCC the most powerful and stable fund strategy. It has been recognized as a well-run investmen