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FUNDS & FINANCE
Top-notch money managers Luxembourg-based CF Fund Services provides all the necessary administration services for the investment vehicles market. The two partners, Murad Ikhtiar and Maurizio Tonelli, in association with two directors Bertrand Gourdain and Pascal Schiltz, offer a wealth of international experience in the field. They combine a skillset formed from backgrounds in law, accounting, finance, business administration and risk management. TEXT: LIDIJA LIEGIS | PHOTOS: CF FUND SERVICES
The 22-member team prides itself on being able to assist with a wide variety of work, such as portfolio valuation; maintaining and archiving accounting data; transactions accounting; net asset value calculation, and financial and legal report preparation.
A full-service firm The company provides assistance as an administrative and registrar agent, and also handles domiciliation services, client communication, structuration and adviso64 | Issue 24 | December 2015
ry work. Founded in 2008, the group has since built up a notable client portfolio. Senior founding partner Ikhtiar is especially proud of CF Fund Services’ growth: “We started off as a single-client business seven years ago, and we now act for over 100 major clients from Switzerland, France and Belgium.” As a registrar agent, CF Fund Services keeps shareholder registers; it registers and performs transactions including subscriptions, buy-backs, conversions,
transfers and distributions; it settles and monitors transactions, and convenes shareholders to AGMs. The risk management team applies anti-money laundering (AML) and counter-terrorism rules and controls procedures to all transactions. As an administrative agent, the group manages accounting for all transactions; portfolio valuations; reconciliation of portfolios with accounting records; checking of investment restrictions; calculation of taxes and levies; calculation and publication of net asset values; liaison with