Funds Administration Overview

6 Questions
Funds Administration Overview

A brief quiz to test your understanding of our Funds Administration Overview lesson.

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Questions and Answers
  • 1. 
    Funds Administration is the name given to the set of services provided in support of the running of a fund
    • A. 

      True

    • B. 

      False

  • 2. 
    The fund manager outsources fund administration services to:
    • A. 

      Government agencies

    • B. 

      3rd party service providers

    • C. 

      Other fund managers

  • 3. 
    The Funds Administration Industry refers to the group of companies providing these supportive services
    • A. 

      True

    • B. 

      False

  • 4. 
    Which service does the Fund Manager not outsource to the Fund Administrator?
    • A. 

      Payment of the funds expenses

    • B. 

      Portfolio management and investment decision making

    • C. 

      Reconciliation of daily and monthly broker statements

  • 5. 
    The fund administrator can also provide shareholder services including the processing of subscriptions and redemptions to the fund
    • A. 

      True

    • B. 

      False

  • 6. 
    Fund administration falls into which catergory?
    • A. 

      Front Office

    • B. 

      Middle Office

    • C. 

      Back Office