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Management reports for investment funds provide investors with the information they require regarding their investments. They include investment objectives specifics for holdings, cost details, and performance among other things. The accuracy of the reporting is essential in helping to attract new clients and keeping existing ones.
Many investment managers, trusts and family offices employ a variety methods to manage and report their assets. Some utilize Excel spreadsheets to track their funds, while others rely on dedicated software. Whatever method is used it’s essential to have the right technology in place to ensure that the appropriate information is collected and delivered at the right time.
Idealy directors of investment funds should be provided with data and information which will enable them to evaluate the effectiveness of the expense and fees incurred by the fund, including those relating to the selection and management of portfolio securities. Additionally, directors who are independent of a fund should be given the chance to review documents prepared by outside experts in connection with the evaluation of service contracts and fees.
To address these broader requirements to meet these requirements, the Commission will need to determine if it would be appropriate for certain fee-related data which are in dollar figures and included in the statements of accounts for funds. This way, investors could receive personalized information on the dollar amount of fees they paid indirectly during a given period and could examine the fees they pay against those of other funds.