Apex can provide investment managers with daily reconciled cash and position reporting. With Apex Daily Administration Support Services, Trade files received from the investment manager are uploaded into Apex’s core administration platform on a daily basis. The listed securities are independently priced and monitored for corporate actions.
Three-way reconciliations are completed between Apex’s administration platform, the investment manager and custodian/prime broker. Cash and position reconciliation breaks are reported to investment manager for further action. Online reporting through Apex247 access allows investment managers to view their daily cash and positions from anywhere in the world.
The Daily Administration Support Package includes: