Management Operations of a Hedge Fund Administrator Company in the Philippines

Abstract

The study intends to measure the effectiveness of selected fund administration functions in a Hedge Fund Administrator Company in the Philippines. The descriptive survey method was used in this study. The study reveals that of the 89 respondents of the study, 62 or 69.7% of the respondents aged 20-30 years old, 22 or 24.7% aged 31-40 years old, and 5 or 5.6 % aged 41-50 years old and above. Most of the respondents were Male (48 or 53.9%) and the rest were female (41 or 46.1%). When it comes to educational attainment, 79 or 88.8% of the respondents were college graduates, while 11 or 11.2 were master’s degree holders. In terms of Job Position, 65 or 73.0% of the respondents were rank and file employees, while 5 or 5.6% were managers. Furthermore, with regards to years of service, 46 or 51.7% of the respondents had been in service for less than a year, 36 or 40.4% were employed for 1 to 2 years, and 5 or 7.9 % were employed for 3 years and more. Their assessments were all ‘effective’ for Independent Price Verification, Profit & Loss Check, Fund Reconciliation, Corporate Action Processing, and Financial Statement Preparation when grouped by Age. By sex, assessments were also ‘effective’ on Independent Price Verification, Profit & Loss Check, Fund Reconciliation, Corporate Action Processing, and Financial Statement Preparation. When the respondents were grouped by Educational Attainment, there was no significant difference on Independent Price Verification, Fund Reconciliation, Corporate Action Processing, and Financial Statement Preparation; however there was a significant difference on Profit & Loss Check. When grouped according to Job Position, there was no significance difference on Independent Price Verification, Profit & Loss Check, Fund Reconciliation, Corporate Action Processing, and Financial Statement Preparation. When grouped by years in service, there was no significant difference on Independent Price Verification, Profit & Loss Check, Fund Reconciliation, Corporate Action Processing, and Financial Statement Preparation on assessment of selected hedge fund operations in a hedge fund administrator company in the Philippines.