Fund Administration FunctionsRubicon has outsourced all fund administration to Drake. This ensures independence on all administration, calculation and finalisation of net asset value of our funds. Some of the services offered by Drake include fund accounting services, fund administration, annual financial statement preparation and audit liaison, cash management services, transfer agency etc. Drake also prepares investor statements.
Client ReportingDrake sends out investor reports detailing the percentage movement and net asset value for the respective period i.e. quarterly. In addition, Rubicon will provide quarterly reporting to investors in the form market commentary and face-to-face reporting to the client.
ComplianceThe Financial Services Commission (FSC) was established as the regulator for the non-bank financial services sector under the Financial Services Development Act 2001. The FSC is the integrated regulator for the industry and its remit encompasses those of the former regulatory bodies for securities (Stock Exchange Commission), insurance (Insurance Division of the Ministry of Economic Development, Financial Services and Corporate Affairs) and global business (Mauritius Offshore Business Activities Authority).