Our Services

• Fund Accounting
• Shareholder Services
• Independent Directorships
• Fund Set Up
• Corporate Secretarial Services

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Fund Accounting

This is the core business provided by AL-PER. AL-PER provides administration services for funds domiciled in different jurisdictions around the world.

The aim is to build on the high level of service, experience and knowledge in AL-PER's staff to attract funds to AL-PER that are looking for such level of client services.

The services provided comprise:

• Preparation of monthly, weekly or daily valuations for the funds.
• Valuing funds which will be prepared on the PFS-PAXUS system and mirrored on MS Excel to ensure error free and accurate reporting.
• Each price will be independently checked as part of AL-PER risk management.
• Maintaining detailed and accurate books and records.
• Preparation of annual financial statements and coordination of the smooth and timely audit.
• Paying all expenses of the fund controlled by AL-PER in a timely manner.
• All queries pertaining to the accounting of the funds dealt with in a professional and timely manner.

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Shareholder Services

AL-PER maintains independence from fund managers and prime brokers to ensure the acceptance of subscriptions and the payments of redemptions from funds adhere to regulations.

AL-PER monitors subscription and redemption transactions, provide anti-money laundering due-diligence, match investor orders, control escrow accounts and wire transfers to brokers/custodians.

• A large amount of an independent fund administrator's responsibility is associated with the regulatory requirements in regard to the acceptance of subscriptions and the payments of redemptions from funds.
• AL-PER provides added control and support for the regulators by collecting the subscription money into an account of each fund and it is only when the anti-money laundering (AML) due diligence has been completed that AL-PER will forward the money to the custody or prime broker account of each fund. For redemptions AL-PER will ensure that fund managers transfer sufficient money back from the custody or prime broker account to a redemption account for each fund before payment can be made to wire instructions that match the subscription form of the investor.
• These controls are important for AL-PER's own risk management and will assist the Regulators and shareholders by reducing the possibility of fraud and money laundering.

The services comprise:

• Maintaining full records of all subscriptions/redemptions into the funds.
• Ensuring that up to date required AML procedures are followed with full documentation kept on site and scanned and stored onto our systems linked directly to the investor.
• Forwarding monthly investor statements and subscription and redemption contracts to shareholders.
• Keeping full share registry for each fund.
• Managing cash for the fund for monies received in and wired out to custodians and prime brokers.
• Carrying out promptly all re-registrations.

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Independent Directorships

AL-PER will assist in providing independent directors to each fund to which it provides fund administration.

This also benefits fund shareholders by reason of the director having the fiduciary responsibility to act in the best interests of a fund's shareholders.

The services comprise:

• Appointment of a Director to specific funds, when requested by the client.
• Guarantee independence and provide additional control on the investment manager to ensure fiduciary responsibilities are carried out.
• Sign-off on financial statements of funds.
• Protection of the shareholder in corporate actions.

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Fund Set Up

AL-PER will be involved in co-coordinating and providing advice and comments on the offering documents and fund agreements and assisting in the selection of the best service providers.

AL-PER will aim to minimize the costs of set up for each fund so that this benefits the shareholders and helps managers produce strong returns without the burden of amortizing high set-up costs.

• The relationship with each client begins by either setting up a fund or transferring a fund to AL-PER.
• We consider it important that the relationship with each client should start as pro-actively and as early as possible.
• AL-PER will be involved in co-coordinating and providing advice and comments on the offering documents and fund agreements and assisting in the selection of the best service providers for each fund.
• AL-PER aim's to minimize the costs of set up for each fund so that this benefits the shareholders and helps managers produce strong returns without the burden of amortizing high set-up costs.

The services comprise:

• Liaising with and selecting lawyers.
• Arranging for the drafting of offering documents, management agreements and subscription forms.
• Setting up bank, prime broker and custody accounts.
• Liaising with and selecting auditors.

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Corporate Secretarial Services

AL-PER will provide value added services, when required, to maintain board minutes, arrange AGM's and record (and where required, act upon) corporate resolutions.

AL-PER will also maintain the books of the company for as long as necessary, but always for the minimum period stipulated by the relevant jurisdiction of each fund. (At present just for DIFC Funds)

The services comprise:

• Maintaining board minutes
• Arranging AGM's
• Corporate resolutions
• Maintaining the books of the company for at least the minimum specified period. (At present just for DIFC Funds)