Positions
Inter-Fund Holdings Reconciliation
Match holdings where one fund invests in another internal or external fund (master/feeder or fund-of-fund structure).
See it in actionMaster / Feeder Reconciliation
Feeder Alpha → Master Fund
1 break
Feeder Alpha Books
Shares Held
125,000
NAV per Share
$1,247.82 T-1
Market Value
$155,977,500
Master Fund Books
Feeder Alpha Capital
125,000
NAV per Share
$1,251.36 T
Market Value
$156,420,000
NAV Variance $442,500
NAV timing mismatch
Feeder using T-1 NAV ($1,247.82), Master struck at T ($1,251.36)
The problem
NAV errors can propagate between entities if internal fund relationships are out of sync. Aligning master and feeder holdings prevents compounding misstatements.
1
What you're reconciling
Feeder fund investor statement Master fund position ledger
Master fund position ledger Administrator holdings
2
Common breaks
Timing differences in NAV posting
Misaligned share class identifiers
Incorrect capital balances
Boagent advantage
Cross-entity matching with automatic normalization.
Boagent provides cross-entity matching across related funds, normalizing share class and date tags automatically. Perfect for fund-of-fund and multi-series structures.
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