Fund Administration

Fund administration deals with the execution of back-office activities including fund accounting, financial reporting, net asset value calculation, capital calls, distributions, investor communications, maintain registries of unit/share-holders in the managed funds, and other functions carried out in support of an investment fund.

MNK Capital Management Ltd offers fund administration services to the AIFs/RAIFs under its management through the delegation of this service to a Cyprus fund administration firm licensed as an Administration Services Provider or to a more specialised firm within EU for funds with complex operations, strategies or trades, The Fund administration services offered by MNK Capital Management Ltd and its associates include, inter alia, the following:

  • Keeping and maintaining the Register or Participating Shareholders;
  • Receiving and processing application forms for subscription, redemption, transfer or conversion of shares/units of the managed funds;
  • Monitoring the receipt of subscription monies and calculate the allocations, fees or costs to be deducted from subscriptions, the amounts of any balances, if applicable, to be remitted to subscribers and the number of shares to be issued;
  • Receiving all relevant due diligence documentation from applicants for Shares (notably for the purposes of anti-money laundering and know-you client procedures and any other purpose), and communicating such documentation to the AML Compliance Officer;
  • Determining the managed AIFs Net Asset Value on each Valuation Day in accordance with the Articles of Association, the Prospectus and the information supplied by the managed fund, and report the Net Asset Value per share to the manager, existing Participating Shareholders and prospective investors;
  • Keeping full and proper books of account for the managed AIFs/RAIFs and such financial books and records as are required by Law, or otherwise for the proper conduct of the financial affairs of the funds under management;
  • Allocating the profits and losses of the managed funds to each relevant Share Class in accordance with the provisions of the Articles of Association and the Prospectus of the funds under management.

We shall also provide you with the following accounting/book-keeping tasks:

  • Undertaking your fund’s account records book keeping and preparation of the Trial Balance;
  • Preparation of monthly payroll, calculation of PAYE (pay as you earn tax), Social Insurance and other deductions;
  • Preparation of submission to Income Tax, VAT authority, and Social Insurance offices;
  • Preparation of bank payment instructions.

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MNK CAPITAL MANAGEMENT LTD (“Company”) is authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) with authorization number AIFM  60/56/2013. The information contained on this website is provided for general information and does not constitute an offering or legal or other professional advice, nor does it constitute any form of personal recommendation. Accordingly, information on this website is merely intended to raise awareness of issues relating to the Company’s business and by accessing this information you shall be deemed to accept and agree to be bound by the terms of this notice. Information contained on this website is subject to change without notice. It is therefore advisable that the user reviews this Disclaimer and any other notices on this website on a regular basis so that the user is aware of any such amendments of modifications. The distribution of information contained within this website may be restricted in certain jurisdictions by law or regulation and, accordingly, parties who access it are required to inform themselves of any comply with any such restrictions that might apply. Parties interested in accepting any service detailed within this website should inform themselves as to: (i) the legal and regulatory requirements within their country of nationality, residence or domicile; (ii) the tax consequences which might be relevant to the Company’s fund management services; and (iii) any other requirement or restriction which they may encounter. Therefore, the use of any information of materials on this website is entirely at your own risk, for which we expressly exclude liability to the fullest extent permitted by law. It shall be your own responsibility to ensure that any services or information available through this website meet your specific local requirements and/or restrictions. The entire contents of are subject to copyright with all rights reserved. You may download or print individual sections of the site for your personal use and information only provided that you retain all copyright and other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the site without the prior written permission of the Company. The information contained withing this website is of a general nature and further information should be sought by contacting us with your specific requirements. This website uses cookies. If you continue without changing your settings, we will assume that you are happy to receive all cookies on this website.