Allowing Investor Viewing Access to Brokerage Account I have recently been talking with many hedge fund service providers about what they are seeing in the industry right now.  The following quote aptly summarizes what I have been hearing: it’s a buyer’s market and managers need to be mindful if they [...]

How to Start a Hedge Fund in 2009 Below is a link to a powerpoint presentation in which I detail the background information a hedge fund manager must have prior to starting the hedge fund formation process.  The presentation is designed to familiarize a manager with the process of forming [...]

FAQs on Offering Documents I recently read an article by a hedge fund administration firm which discussed hedge fund offering documents and start up hedge fund expenses.  I thought this was an interesting topic and one which is popular with many of my start up clients.  Below I discuss some [...]

Separately Managed Account Program Becoming More Popular It used to be, even just last year, that separately managed accounts were only offered in rare circumstances and only to a very select few investors.  However, an increasing amount of managers are offering their hedge fund programs to investors through a separately [...]

The following article is by Christopher Addy, President and CEO of Castle Hall Alternatives, a hedge fund due diligence firm.  We have published a number of pieces by Mr. Addy in the past (please see Hedge Fund Due Diligence Issues, Issues for Hedge Fund Administrators to Consider and ERISA vs. [...]

Some hedge funds use OTC products as part of their main investment strategy, or as a supplement to their main strategy.  In either event, there are a number of issues which hedge fund managers should consider when they decide to utilize OTC products within an investment strategy.  First and foremost, [...]

How to Create an Auditable and Marketable Trackrecord One of the biggest hurdles that start up hedge fund managers face is the issue of having a marketable track record. Many managers do not have an audited marketable trackrecord for any number of reasons. While it is not strictly necessary to [...]

Hedge Fund Audits Expected to Increase in Importance The Madoff scandal has shown the hedge fund industry many things, not the least of which is the importance of hedge fund audits.  While the details of Madoff’s audits are still a little unclear, it has been widely reported that the audit [...]

Hedge Fund Investors Guide Many potential hedge fund investors come to this website for information on how to invest in a hedge fund.  While there are many headlines and resources for hedge fund managers, there are fewer resources out there for hedge fund investors.  This article will provide an overview [...]

Hedge Fund Questions For the new year we will publish a list of common questions we receive from our readers.  This question involves hedge fund valuation. Question: Can a hedge fund provide its own valuation? Answer: Generally yes, provided that the hedge fund offering documents state that the valuation of [...]