Fund Administration

Harbour Financial Services Limited
(Licensed as a fund administrator by the Bermuda Monetary Authority under the Investment Funds Act 2006)

Harbour Financial Services Limited provides a full fund administration service to a variety of investment funds principally established in Bermuda. However our services also extend to funds established elsewhere including the British Virgin Islands, the Cayman Islands, Delaware and Ontario.

Services Provided:

Fund Set Up:

• Establishment of investment fund
• Establishment of prime broker/custodian/trading counterparty accounts
• Review of all constitutional documentation, offering memorandum, preparation of service provider agreements (management, investment management, custodian, prime broker agreements)
• Provision of directors and officers where required etc.
• Co-ordination with legal counsel, brokers, custodians, banks, auditors, directors and officers
• Establishment of operational procedures

Corporate Services:

• Provision of registered office and corporate secretary
• Maintenance of the minute books and statutory documents
• Convening and conducting bank and shareholder meetings
• Regulatory filings
• Liaison with companies’ registry and regulators

Fund Administration, Registrar and Transfer Agency:

• Liaison between shareholders and investment managers
• Investor transaction processing
• Maintenance of share registers
• Monthly transaction reporting to managers and clients
• Due diligence on all new investors
• Preparation and distribution of shareholder confirmations and net asset value statements
• Regulatory reporting
• Liaison with auditors on preparation of year-end financial statements

Fund and Portfolio Accounting:

• Calculation of net asset value and capital account balances - estimated and final
•  Independent valuation of portfolio positions
•  Preparation of financial and management reports to meet the specific client needs
• Reconciliation of cash, portfolio positions and investment activity
•  Performance/incentive fee calculation
• Preparation of year-end financial statements working with auditors to ensure timely delivery of auditor’s report thereon

For more information regarding fund administration, please contact us:

Roderick Forrest
Telephone: (441) 494 4040
Email: rforrest@wq.bm

Penny Cornell
Telephone: (441) 494 4044
Email: pcornell@wq.bm