Table of Contents
Part 1: Introduction to Investment
Investment management fees and costs
Part 2: Regulation and Fund Structures
Principles and recommendations
Part 3: The Day-to-Day Operation of a Fund
On-exchange pricing and valuation issues
Securities lending and borrowing
Characteristics of securities lending
Securities lending precautions and controls
Irrevocable letters of credit (L/Cs)
Role of the prime brokers/global custodians
Discretionary (or managed) program
Role of the custodian or intermediary
Importance of accuracy and timeliness
Securities lending relationship structure
Risks faced by a fund and how the administrator can assist the fund to manage the risks
Self-assessment and measuring risk
Part 5: Introduction to derivatives
Exchange traded futures and options
Appendix A—useful reference websites
Appendix C—Dependence and Concentration
Appendix D—Suggested Further Reading
Part 6: Summary—Fund Administration Notes
Appendix 1: The Investment Association Categorization of Funds
Appendix 2: Source-Investment Association
Appendix 3: Glossary of Risk Terminology
Appendix 4: Organization of the SESC
Appendix 6: Questions and Answers: Application of the AIFMD
Appendix 7: China Securities Regulatory Commission (CSRC)
Appendix 8: October 2015—Top 10 Performing Funds
Appendix 9: Global OTC Derivatives Market-Source BIS