A Practical Approach To Fund Accounting

Fund accounting – objective and components
Fund manager and investors – duties and responsibilities
Global business companies – setting up and administration
Fund structures
Open-ended and closed-ended fund
Mutual fund – entry and exit charges
Gross asset value calculation (GAV) – calculation and implication
Carried interest – fund manager margin and investor margin (GP and LP)
Equalization method of calculation
Hedge funds – calculation of NAV for the fund
Master feeder – allocation
Understanding the basics of private equity
Net present value and investment appraisal
Net asset value (NAV) – statement of assets
Subscription and redemption
Management fees vs performance fees
Hurdle rate / preferred return – interpretation
High water mark – concept and implication
Waterfall distribution – process flow