Posts tagged as:

hedge fund administrator

Hedge Fund Audit Firms and Agreed Upon Procedures

October 27, 2009

Hedge Fund Due Diligence Firm Discusses “Agreed Upon Procedures”
We’ve published a number of thoughtful pieces on this blog from Chris Addy, president and CEO of Castle Hall Alternatives (see, for example, article on Hedge Fund Operational Issues and Failures).  Today we are publishing a piece by Chris which discusses hard to value hedge fund assets [...]

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Bay Area Hedge Fund Roundtable Event

May 7, 2009

Panel Discussion on State of Hedge Fund Industry
Yesterday afternoon (May 6th) the Bay Area Hedge Fund Roundtable, a group of professionals within the hedge fund industry, gathered for a panel presentation entitled “Change…Critical Legal, Tax, Acounting and Regulatory Updates You Need to Know.”  The presentation was moderated by Pamela S. Nichter (Osterweis Capital Management) and [...]

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Hedge Fund Administrator Charity

February 18, 2009

As described in the press release reprinted below a hedge fund administrator is providing reduced fees to clients who donate their set up fees to Hedge Funds Care, a charity which benefits abused children.  Hedge Funds Care puts on a number of events throughout the US.  The San Francisco Hedge Funds Care group will be [...]

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Hedge Fund Law Questions

February 12, 2009

Recently I have received a few good hedge fund law questions.  Please remember that these answers are general discussions of the law and should not be a substitute for actual legal advice.  This discussion does not form an attorney-client relationship, please see our disclaimer.
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Question: [with reference to the new Hedge Fund Registration article] So what’s [...]

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Hedge Fund Audits Post Madoff

January 8, 2009

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 firm he used was a little [...]

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SEC Stands Behind “Fair Value” Accounting

January 7, 2009

FASB may re-evaluate FAS 157 in light of recent market events
While the SEC does not directly control the manner in which hedge fund assets are valued for the purpose of striking a NAV for a fund, the SEC valuation policies are important for hedge funds in a number of different ways.  Maybe most important is [...]

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Operational Issues for Hedge Fund Managers Using Multiple Prime Brokers

December 16, 2008

The hedge fund and investment management industry has seen many radical changes during the last year, including the consolidation (or elimination) of the large prime brokerage firms.  Because of these events many funds have moved to a multi-prime broker model instead of the more traditional single prime broker model.  There are obviously many advantages to [...]

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Hedge Fund Administrator Completes SAS 70 Type II (Press Release)

December 5, 2008

GlobeOp Successfully Completes SAS 70 Type II Examination for Second Consecutive Year
LONDON, UK; NEW YORK, NY, USA – 4 December 2008 – GlobeOp Financial Services (“GlobeOp®”, LSE:GO.) today announced that, for the second consecutive year, it has successfully completed a SAS 70 Type II examination of specified middle-, back-office and fund administration controls by accounting [...]

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Hedge Fund Administration - New Issues for Managers to Consider

October 15, 2008

I came across another very good article which examines the new landscape of the hedge fund industry and brings up some pertinent points which both hedge fund managers and investors should be aware of.  The issue is that many of the prime brokerage firms and very large global banks have established administration businesses to cater [...]

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Hedge Fund Administrator – What is a Hedge Fund Administrator?

October 8, 2008

A hedge fund administrator is a service provider to the hedge fund; the main job of the administrator is to provide certain accounting and back office services to a hedge fund as detailed below.
Hedge fund administrator services
Generally administrators will provide a variety of services to the hedge fund manager.  The central service is monthly or [...]

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