Training - Investment funds - Operational aspects

How long does the training course last?

1,00 hours(s)

In which language(s) is the training course taught?

EN FR

When will the next session take place?

Who is organising this training course?

PwC Academy leverages PwC’s expertise to deliver world-class learning experiences to organizations across all industries and regions. Our objective is to help professionals develop their knowledge, skills, competencies, and expertise, enabling them to support and drive the growth of their organizations.

Who is the training course aimed at?

Any person willing to better understand operational aspects from a NAV standpoint.

What are the aims or the skills being targeted?

Investment funds are one of the major industries in Luxembourg. Part of our investment funds series and in the continuity of the module "Investment funds - Introduction and market data", this course will cover the operational aspects of funds with a fund accounting perspective.

By the end of this training, participants will be able to understand how to calculate a net asset value (NAV) and surrounding concepts.

What does the training course cover?

What is an investment fund?
Portfolio of assets
Fund structure: umbrella vs single fund
Fund structure: share classes
Asset pooling for funds
Determination of net asset value
Accounting specificities of investment funds
Value of shares/units
NAV calculation – Balance sheet and P&L
NAV per share/unit
NAV errors and circular 02/77
Fund accounting: actor in charge of NAV calculation
Subscription and redemption of fund shares/units at unknown price
Swing pricing

What other information is useful to know?

This training is coordinated by Alexis Bouly, Director at PwC Luxembourg.

Alexis Bouly is a director with extensive experience in Luxembourg’s financial sector since 2008, specialising in supporting banks and asset servicers through their transformation journeys. With a background as a former auditor, Alexis possesses deep expertise in data, reporting, and regulatory frameworks, enabling detailed operational and compliance analysis. He has led digital transformation initiatives, including Robot Process Automation for fund administration, and managed multiple offshoring projects within securities services. Alexis has overseen post-NAV control framework revamps, financial statement reviews, and MIS reporting for major reinsurance clients. His project management experience spans TA and FA migrations alongside business-as-usual event coordination for leading European fund service providers.