Fund Operations can be divided into the following four functional teams:
Orbis maintains its own in-house Fund Accounting team, which mirrors and double-checks our external custodians’ and administrators’ calculations, from the pricing of securities to the Fund NAVs themselves. They also verify cash balances, portfolio holdings, investment income, and portfolio expenses, and work closely with the other Fund Operations teams, which rely on their providing timely, accurate information.
The Client Reporting team is ultimately responsible for our client-facing reports, including monthly factsheets, quarterly commentaries, and our proprietary modular reports. They must deliver all of these materials not only to a high standard, but with a very quick turnaround.
Our Client Services team is responsible for the oversight of client transactions, and for responding to requests for information on our Funds.
On a typical day, we trade multiple millions of dollars in securities. When investing client capital on this scale, we rely on our Security Settlement team to ensure that all of our transactions are settled properly and promptly. The team is responsible for processing trading activity, responding to broker queries, and performing cash and custody reconciliations.