Client reporting, risk monitoring and compliance.

Fund administration functions, the monitoring of mandate risk parameters and regulatory compliance are performed by parties independent of Visio.

The management of funds is dictated by mandates. The mandates are particular to each fund, and contain information such as prescribed investment parameters, notice periods, fee details, etc.  

Visio maintains its own portfolio management system. In order to identify potential discrepancies, automated daily reconciliations are performed between the prime broker information systems to those of Visio. On a monthly basis the fund valuations are reconciled to those of the funds’ administrators  for final evaluation. Client reporting functions are handled by the administrators.

Outsourced Functions

• Long short fund risk monitoring - RisCura and RiskWorx – Report directly to fund investors
  
• Settlements and custody – Prime brokers and custody agents include Peregrine Securities, Prescient, Credit Suisse and FNB Custodial Services
  
• Fund administration and client reporting - Prescient Investment Managers, Investment Data Services (IDS) and Maitland Fund Services
  
• Regulatory compliance functions - Compliance Trust Pty Ltd
• Backup and IT support services - Tenth Street Technologies

Onshore Funds

• The prime broker is Peregrine Securities. Secondary broking arrangements are in place with institutional brokers namely Credit Suisse, Merrill Lynch, JP Morgan, Macquarie Bank, Investec, Morgan Stanley, Citigroup, Nedcor, Deutshe Securities and Rencap BJM.
  
  
• IDS (Investment Data Services) and Maitland Fund Services are the independent administrators. They are responsible for all investor flows, documentation, month-end reporting, etc.
  
  
• The monitoring of risk and compliance, with reference to parameters defined in each fund's mandate, is performed independently by RisCura and Riskworx respectively. Risk reports are produced daily and compliance reports weekly and those are sent directly to clients.