Fund Administration

Platform AGILITY

BFP's proprietary Fund Administration software platform uses the same modular programming strategy developed for SkyComp. BFP's Fund Administration platform automates the processing of large volumes of detailed trade data coming from numerous asset management entities. And it's scalable to accommodate ongoing innovation.

In addition, BFP's dynamic database and technology infrastructure support transparency customized to the level required to satisfy the concerns of stakeholders, regulators, and auditors.

To achieve this, BFP consults with fund managers to determine the appropriate level of transparency to sustain investor confidence while maintaining manager confidentiality.

The Fund Administration platform provides five primary tools to meet the needs of each client:

Maintenance
With third-party pricing sources, the platform has the ability to store all security attributes within its database. The database also stores all primary operational contacts as well as a hierarchy of contacts to quickly and accurately resolve potential problems or questions. There are currently more than 109,000 unique securities in the security master file library.

Translator and Importer
The platform's translator normalizes transaction, position and pricing data provided by brokers, fund managers, counterparties and pricing providers for entry into the Fund Administration platform.

Pricing
Fund Administration receives pricing data from more than 40 prime brokerages, third-party service providers, 20 counterparties, custodians, and 140 fund managers. A price selection system automatically selects a price for an individual security by using a series of predetermined selection rules. The price selection system is based on client approved pricing guidelines which can be customized at the individual security level.

Reports
The platform's reporting application generates customized reports in any format providing investors and fund managers valuable information in a timely manner.

Reconcile
The platform's reconciliation system compares positions, prices, market values, and accruals to fund managers, prime brokers, counterparties, and custodians. The reconciliation application allows breaks to be easily and quickly identified.

internal AGILITY

BFP's Fund Administration team has been cross-trained to ensure relevant, consistent, timely and accurate internal and external data flow.

Divisional Agility

The operational work flows between various investment divisions are designed to ensure that each entity agrees upon and knows its role and daily deadlines. These detailed process documents allow multiple global market entities, including custodians, fund managers, principal protection and SVP providers, to consistently make its contribution in an accurate and timely way.