Fund Accounting and Portfolio Services

GWMS recognizes that its global clients require a Fund Solution that provides a complete, timeous, consistent, accurate, credible and above all a reliable fund accounting system. To assist us to deliver on these objectives, GWMS makes use of its human resources combined with technology in the form of a continuously upgraded fund accounting software.

Fund Accounting - GWMS

The following comprise the components of our fund accounting process:

  • Independent price discovery and fund valuation in line with IFRS principles
  • Reconciliation of cash balances and positions with custodians
  • Automated upload of trading activity when available
  • Processing of corporate actions and dividends
  • Expense accrual management
  • NAV calculation
  • Equalization accounting
  • Cash administration and reconciliation
  • Calculation and timely payment of all management and performance fees in accordance with the scheme agreements
  • Preparation of financial statements, including co-ordination of the annual audit
Confisys

Fund Accounting System Technology

GWMS uses an innovative fund accounting technology called Alternate Investment Tracker (AIT) custom developed by Confisys Solutions which  is an India-based software company focused on providing software products based solutions to asset management companies and fund administrators in the private equity and hedge funds industry.

AIT is a back-office tool designed specifically for hedge funds operations. GWMS has contributed significantly in its development. The most salient features of AIT are:

  • Always available, single-click NAV
  • Automatic performance fee calculations
  • Ready financial statements, fund performance and investor reports
  • Seamless support for multiple currencies
  • Fully-integrated multi-class functionality
  • Comprehensive coverage of Indian securities market
Fund Accounting System Technology - GWMS

Some of the products GWMS offers

Global Business Corporation

A company that intends to carry on global business and avail itself of the benefits of the Mauritius International Finance Centre in terms of the extended tax treaty network and investment protection network,See more

Authorised Company

An AC must have its Central Management and Control (CMC) outside of Mauritius making it non-resident in Mauritius for tax purposes and hence not subject to tax in Mauritius on its income.See more

Collective Investment Schemes & Closed-End Funds

Collective Investment Schemes (CIS) and Closed-End Funds (CEF) are regulated by the Financial Services Commission (FSC) under the Securities Act 2005.See more

Special Purpose Fund

The Financial Services (Special Purpose Fund) Rules 2021 (the “Rules”) was issued by the Financial Services Commission to govern Special Purpose Funds (“SPF”).See more

Variable Capital Company

A Variable Capital Company (VCC) is a company incorporated under the Companies Act which carries its activities through its sub-funds and Special Purpose Vehicles (SPVs). See more

Asset Management Company

The Asset Management Company Licence permits asset managers to oversee both securities and non-securities investments, except high-risk assets, allowing for a broad investment activity.See more

Taxation Benefits on Specified Investment Income in Mauritius

Mauritius offers attractive taxation benefits on specified investment income such as management fees, performance bonus, dividends, interest, and foreign-source income, See more

Trust

The Trust Act 2001 provides, inter alia, for the settlement of several types of trusts including fixed, discretionary, protective or spendthrift trust, charitable purpose,See more

Foundation

The Foundation is another tax efficient product, in addition to the existing limited partnership, private and public company, limited life company, variable capital company and trust which the Mauritius International Financial Centre offers. See more

Relocation Permits

Mauritius offers various Occupation and Residential Permits tailored to investors, professionals, retirees, and their families. Navigating the options can be complex, and misinformation from so-called experts may lead to costly mistakes. See more

Global Business Corporation

A company that intends to carry on global business and avail itself of the benefits of the Mauritius International Finance Centre in terms of the extended tax treaty network and investment protection network,See more

Authorised Company

An AC must have its Central Management and Control (CMC) outside of Mauritius making it non-resident in Mauritius for tax purposes and hence not subject to tax in Mauritius on its income.See more

Collective Investment Schemes & Closed-End Funds

Collective Investment Schemes (CIS) and Closed-End Funds (CEF) are regulated by the Financial Services Commission (FSC) under the Securities Act 2005.See more

Special Purpose Fund

The Financial Services (Special Purpose Fund) Rules 2021 (the “Rules”) was issued by the Financial Services Commission to govern Special Purpose Funds (“SPF”).See more

Variable Capital Company

A Variable Capital Company (VCC) is a company incorporated under the Companies Act which carries its activities through its sub-funds and Special Purpose Vehicles (SPVs). See more

Asset Management Company

The Asset Management Company Licence permits asset managers to oversee both securities and non-securities investments, except high-risk assets, allowing for a broad investment activity.See more

Taxation Benefits on Specified Investment Income in Mauritius

Mauritius offers attractive taxation benefits on specified investment income such as management fees, performance bonus, dividends, interest, and foreign-source income, See more

Trust

The Trust Act 2001 provides, inter alia, for the settlement of several types of trusts including fixed, discretionary, protective or spendthrift trust, charitable purpose,See more

Foundation

The Foundation is another tax efficient product, in addition to the existing limited partnership, private and public company, limited life company, variable capital company and trust which the Mauritius International Financial Centre offers. See more

Relocation Permits

Mauritius offers various Occupation and Residential Permits tailored to investors, professionals, retirees, and their families. Navigating the options can be complex, and misinformation from so-called experts may lead to costly mistakes. See more