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 Accounting & Administration
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 Record trade and non-investment transactions
Maintain fund's primary books and records
Record receipt or payment of dividends and interest
Process corporate actions
Record interest received/paid on cash credit/debit balances
Record all trading and bank account activity
Record fees and rebates
Review and follow-up on trade exceptions with the client, broker, and counterparty
Reconcile cash, positions, and market values with the custodian(s), prime brokers, and clients
Calculate management and performance allocation/fee in accordance with fund documents
Process investor transactions
Allocate profit and loss to individual investors and share classes
Prepare monthly financial statements
Balance sheet
Statement of operations
Supporting schedules
Investor reports
Prepare investor statements and distribute to investors via secure email, secure client web portal and/or mail
Prepare audit package and draft financial statements
Liaise with auditors to facilitate the annual audit |
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Tax Allocations
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Maintain capital accounts for all partners, on both an economic and tax basis
Prepare tax allocations using aggregation or layering methods
Track built-in gain (loss) on contributed securities
Liaise with external tax advisors
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| New Fund Launch Assistance |
Review and comment on offering documentation as prepared by legal counsel
Liaise with legal counsel and prepare the administrative services agreement
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Hedge Funds