Management reports for investment funds provide investors with the information they need regarding their investments. They cover investment objectives and costs, as well as details on holdings and performance – and many other elements. The need for detail reporting is crucial to keep existing clients happy and to attract new ones.
Many investment managers, trusts and family offices employ diverse methods to monitor and report their assets. Some use Excel spreadsheets, while others use specific software to track their money. It is essential to have the right technology in place to ensure that the correct information is available at the right time.
Idealy directors of investment funds should be provided with information and data that will allow them to evaluate the value of the costs and fees of the fund that are related to the selection and management of portfolio securities. In addition, the independent directors of a fund should be given the opportunity to review material created by outside experts in connection with the evaluation of service contracts and fee.
To address these broader requirements, the Commission should examine whether it’s appropriate to include certain fee-related information that are expressed in dollar amounts, to be included in the statements of accounts for funds. Shareholders can then compare their fees with other funds and receive personalized information.