Hysun Deng, Chief Operating OfficerThe growth of Precision from a local contender into a market leader is driven by its comprehensive processes for meticulous fund valuation and rigorous anti-money laundering KYC compliance, enabling it to guide clients through every phase of the fund lifecycle. The company serves approximately 150 clients across Asia, including major economic hubs like Singapore, Hong Kong and mainland China, with assets totaling over $2 billion.
Monitoring the fund formation process is a dedicated onboarding team that handles fund document reviews, bank and broker account openings and fund registrations across various jurisdictions, including overseas locations like the Cayman Islands and British Virgin Islands. Its seamless IT support facilitates API integration and testing, taking operational efficiency to new heights for clients.
“We ensure clients face no difficulties at any stage of the process so that they can focus on their core investment strategies with confidence,” says Hysun Deng, Chief Operating Officer.
Precision plays an instrumental role in helping clients who struggle to keep pace with reporting obligations and deadlines while navigating regulatory requirements. They often seek faster processing of investors’ subscriptions and redemptions when faced with special valuation requests due to market dynamics and new investment opportunities. The company addresses these concerns by leveraging its comprehensive knowledge and diverse teams to assist them at every step. Its local offices across strategic locations staffed with experts guarantee continuous support.
A hallmark of Precision’s success is its hands-on approach that is highly beneficial for startup companies and clients venturing into new investment opportunities.
One notable instance involves a client who was set to launch a luxury watch fund but had no prior experience in managing commodity funds. Precision offered them guidance on determining the price of the underlying investments and ensuring asset security while building up an understanding of compliance requirements. It also helped the client understand the operational intricacies and devised ways to handle auditor queries specific to commodity funds.
Many investment managers and general partners find themselves eager to seize opportunities in the crypto market but lack critical asset knowledge beyond operational perspectives from an administrative standpoint. These clients, traditionally dealing with private equity and secondary stocks and bonds, approach Precision to set up a fund with a dual investment strategy. It helps navigate complexities like taxation and fee structures to reduce liabilities and enables them to develop a systematic comprehension of managing funds through multiple methods.
We ensure clients face no difficulties at any stage of the process so that they can focus on their core investment strategies with confidence
Emphasis is placed on identifying and mitigating compliance risks to ensure proper fund establishment and adherence to local regulations. Precision has been issued the Trust or Company Service Provider licensee in Hong Kong, demonstrating its commitment to adhere to resilient regulatory compliance. The company also facilitates traditional transactions through brokers and builds API connections with exchanges to receive smart contracts. Dedicated support is extended to accurately capture all transactions, regardless of the investment type, for net asset value calculations.
At Precision, customer service is the top priority. It constantly refines its services to support clients’ growth objectives through technological advancements, particularly in cryptocurrency and digital assets. The company remodeled its operational workflows to expand into crypto asset management.
Precision’s relentless pursuit of innovation and steadfast commitment to client-centric services make it a reliable partner for clients in the Asian fund administration space.
