Definition: A third-party service provider responsible for fund accounting, NAV calculation, financial reporting, and recordkeeping for investment funds. Fund administrators help ensure accurate reporting of trades, cash movements, and portfolio valuations.
Example: Major institutional fund administrators include State Street, BNY Mellon, Brown Brothers Harriman, Citco, and Northern Trust.
Explore IVP Shadow Accounting Services
IVP Shadow Accounting Services provide independent accounting records that complement the work of fund administrators, giving buy-side firms greater visibility into portfolio activity and NAV calculations. The service enables hedge funds and asset managers to outsource full or partial accounting functions, improving operational efficiency and scalability while supporting a variety of fund structures and accounting platforms.
