Fund Operations

Returns are claimed in the pitch book and proven in operations. This guide collects the Knowledge Hub's fund-operations entries - NAV calculation, administration, custody, and the audit and valuation processes that turn a stated performance number into a verifiable one - the operational due-diligence lens an allocator applies before trusting a headline figure.

All entries in this guide

• Fund Operations - Fund operations encompass the non-investment infrastructure required to run an institutional fund…
• Lock-Ups and Gates - Lock-ups (minimum holding periods) and gates (caps on redemptions per period) are the tools funds use to…
• Net Asset Value - Net Asset Value (NAV) is the total value of a fund's assets minus its liabilities, divided by outstanding…
• Prime Brokerage - Prime brokerage is the bundle of bank services - securities lending for shorting, margin financing for…

More topic guides

• Options & Derivatives
• Volatility
• Macro & Multi-Asset
• Performance Measurement
• Risk Management
• Hedge Funds & Alternative Strategies
• Portfolio Construction
• Fund Structure
• Asset Allocation

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