Prospero Fund Management Software is developed by Sage Advanced Solutions and is a complete, ready-to-use solution that allows the user to manage and administer unlimited number of funds and unit trusts. Prospero fund is also a Hedge Fund Trading Software ideal for investors.
Prospero Fund automates all operations including corporate actions and shareholder recordkeeping. It ensures compliance with rules and regulations by enforcing due diligence through configurable pre-trade and post-trade checks.
Prospero supports complete fund administration and its main administrative activities are the following:
- Calculation of the Net asset value including the calculation of the funds income and expense accruals
- Preparation of semi-annual and annual accounts
- Maintenance of the fund's financial books and records
- Payment of the funds expenses.
- Reconciliation of daily and monthly Broker Statement
- Settlement of daily Trades, assuring that the proper dividend and interest are received, updating the price of client’s securities.
- Calculation and payment of dividends and distributions
- Direct Updates of Security prices
| Fund Distribution | Benchmarking | Pre-Trade and Post-Trade Checks | Fee Calculation |
| Performance Fees | Fund Performance | Orders Management | Benchmarking Management |
| Fund Accounting | Trade processing and settlement | Client Statements and Confirmations | Fund Reporting and Fact Sheets |
| Integrated Report Writer | NAV Calculation | IFRS Compliance | Mirrors Depositary's Positions |
| Investors Reporting | Prospero Fund Management Software | Finance Reporting | |
The software covers Complex Fund structures such as:
- Stand Alone
- Investment Compartments
- Holding Companies
- Multiple class funds
- Master-feeder
as well as unlimited selection of investment assets:
| Prospero Fund functional coverage matrix | |||||
| Cash | Deposits | DCDs | Loans | IRS | Forex |
| Structured | Derivatives | New issues | IPOs | Stocks | Bonds |
| CDs | FRNs | T-Bills | Convertibles | Commodities | Private Equity |
| Funds | Hedge Funds | Islamic products | Real Estate | Artwork | Direct Investments |
