RisCura Fund Services was formed through the combination of the existing Unitisation and Investment Accounting businesses. RisCura Fund Services provides a seamless pricing and reporting service tailored to the needs of institutional investors. Our services are efficiently delivered to both large and small clients in any geographic and legal jurisdiction, and allow our clients to comply with global best practise in service delivery to their members.
Benefits of RisCura Fund Services
 |
- Global best practice
All Fund Services offerings are performed in accordance with global best practise as well as International Financial reporting Standards (IFRS). Our cutting edge proprietary systems allow for accurate, consistent and timely delivery of service that allows our clients to be compliant with law and fully informed of the status of their investments on a daily, monthly or annual basis as appropriate.
- Streamlined audit process
Our valuation methodology is consistent with IFRS, and our reporting is designed to meet the needs of auditors. Our approach and assumptions are clearly laid out in our reporting, allowing for a clean and efficient year-end audit.
- Frees up resources
The services offered by Fund Services can be very system dependent and time consuming for busy management teams. We have the capacity and experience to enable you to fully outsource these processes, alleviating this nonrevenue generating administrative burden enabling management to focus on their core responsibilities.
- Dedicated teams
We have a dedicated team for investment accounting and statutory reporting, and another for unitisation, cash flow management and asset rebalancing. Cross training also takes place. This approach allows each team to be experts whilst affording Fund services to offer flexibility in service during peak demand times. Our teams are made up of qualified or near qualified staff.
Unitisation and asset rebalancing services
Our unitisation service is supported by an efficient process with minimal reliance on manual intervention provided through the use of cutting-edge, proprietary systems as well as a skilled and experienced team with clearly demarcated areas of responsibility. Unit prices are calculated on a daily basis allowing for complete accuracy and fairness to all members of a fund and peace of mind for Trustees. The service can include the complete management of cash flows and asset rebalancing to ensure the fund remains within the strategic asset allocation limits set by the trustees.
Investment accounting services
A team of accountants provides bespoke investment portfolio reporting to institutional investors. The service includes an independent check of the reporting of transactions entered into by asset managers. In addition, RisCura provides a check that asset manager fees and statutory fees are calculated correctly and provides journals for entry into the institutional investor’s accounting records. Reports are provided at instrument level and on a consolidated basis for the fund as a whole. These reports include reports per asset manager product (portfolio) invested in and customised executive summaries are developed to suit the needs of individual clients.
Statutory reporting
Our team of accountants are available to assist with any investment portfolio statutory reporting required by an institutional investor. The very onerous compliance and reporting requirements of Regulation 28 to the Pension Funds Act of 1956 promulgated on July 1st, 2011 are provided through a proprietary system developed in-house. We also assist with the compilation of other reports such as the annual SARB report.
