Fund Accounting

Fund Accounting 2018-05-24T18:44:50+00:00

Gemini’s experience as an administrator has afforded us the opportunity to become one of the industry’s most capable providers of services for pooled investment funds. We deliver accurate and efficient fund accounting services by utilizing a multi-tiered review process and by offering open architecture systems that allow for interfacing with advisors, custodians, transfer agents, pricing, and corporate action service providers.

Our fund accounting department’s core duties include providing NAV calculations for all portfolios and funds that price daily, as well as cash forecasting and corporate action processing. As of December 31, 2017, Gemini fund accountants process more than 1,000 daily NAV calculations across more than 500 mutual funds, ETFs, controlled foreign corporations, and college savings plan portfolios. Fund accounting also produces daily and monthly cash and custody reconciliations.

Gemini’s technology, infrastructure, control environment, and experience can handle any type of strategy, and we service a huge variety of fund types across a multitude of structures with sophisticated reporting needs. As a result, our organization makes significant investments in systems and processes, inclusive of management committees that review risks, vendors, pricing information for valuations, and performance metrics.

  • Daily portfolio valuation
  • Online integrated general ledger
  • Accrual processing
  • Automated corporate action interface
  • Automated pricing interfaces
  • Daily communication interfaces to NASDAQ
  • Multiple sell selection methods for tax lot accounting
  • Automated portfolio data warehouse for performance calculations, data fees, and portfolio analytics
  • Online access to fund accounting reports
  • Daily cash projections
  • Client system interfaces
  • Business recovery resources
  • Daily cash forecast reporting
  • Automated daily custody reconciliation
  • Processing of daily Portfolio Composition File (PCF)
  • Oversight of create/redeem files as needed
  • Custom files prepared for TA partner to submit to National Securities Clearing Corporation (NSCC)

Gemini’s flexible systems are built to interface with a multitude of advisors, custodians, transfer agents, pricing, and corporate action service providers.

Gemini uses Asset Arena InvestOne from FIS (“InvestOne”) as our fund accounting and reporting system, which is supported by a team of developers and business analysts that provide proprietary reporting and interfacing services for our clients. This provides us with a fully integrated solution that controls and monitors your fund with the help of advanced reporting features and compliance functionalities, such as exceptions management. Critical information regarding daily fund performance is at your fingertips with customized reports and data tailored to meet your needs. InvestOne offers more than 300 standard reports, as well as report customization tools and the ability to manage all types of funds on a single database. We also use FIS Asset Arena Control Center, which interfaces with InvestOne, as an operational management and monitoring workflow tool that provides a centralized view of fund accounting activity.

StatPro Revolution, a powerful portfolio analytics solution, is available as a bolt-on service. With seamless integration from InvestOne, this solution provides sophisticated, comprehensive analytics covering contribution, asset allocation, and risk reporting.

Gemini delivers accurate and efficient fund accounting services by utilizing a multi-tiered review process. Our fund accounting department follows a hybrid of a full ownership/functional processing model. Ultimately, fund accountants are responsible for an entire fund; however, some processes are completed by our specialized pricing control and reconciliation teams. Our pricing control team completes corporate actions, security master set ups, and some preliminary pricing review. Our reconciliation team completes all complex broker reconciliation and reviews and/or provides oversight for all other fund accounting teams’ asset and cash reconciliation work. Collectively, our fund accounting team includes approximately 125 team members* serving both registered and unregistered funds.

Additionally, our two fully functional fund accounting offices in New York and Nebraska provide for immediate disaster recovery to ensure the continuation of service at all times.

*as of 3.31.18