Fund Administration refers to the services that support the management and operation of investment funds. This includes tasks such as accounting, reporting, and compliance, ensuring that funds adhere to regulations and maintain accurate financial records. Fund administrators help fund managers focus on investment strategies by handling the operational aspects of fund management. Additionally, fund administration involves calculating the net asset value (NAV) of the fund, processing investor transactions, and preparing financial statements. By providing these essential services, fund administrators play a crucial role in the overall efficiency and transparency of the investment process, benefiting both fund managers and investors.