Fund Accounting
Capita Financial Group (CFG) is a leading service provider in the provision of fund accounting services to fund management companies*.
In the UK, we support over 20% of retail funds and this, combined with our growing offshore business, means that we provide fund accounting services to circa £27bn** of funds.
Our operating model involves the use of the same core real-time, multicurrency fund accounting system, Invest One from Sungard, in all locations. Invest One is one of the industry’s most trusted investment accounting and reporting solutions processing more than $25 trillion in assets globally***.
CFG’s services cover an extensive range of open and closed ended vehicles, from hedge funds to UCITS funds to private equity arrangements. The wide variety of clients that we service means that we value funds on a daily, weekly, monthly and quarterly basis.
In recent years we have extended our operations into a number of new jurisdictions such as Dublin, Jersey, Guernsey and Gibraltar. This enables us to service clients on a multi jurisdictional basis with an integrated fund accounting and transfer agency offering. To support all our jurisdictions, we also undertake some fund accounting functions, such as reconciliations, in our offshore operations.
It is worth noting that we are different from many of our competitors in that we are not a global custodian - this independence allows us to work with our clients’ preferred custodian and trustee/depositary, and we have extensive experience of dealing with industry leaders in these sectors in delivering high quality solutions to mutual clients.
* Interpretation of fund data sourced from the Investment Management Association, as at December 2007
** Internal data as at November 2007
*** Sungard, January 2008