Shadow accounting services

Fund accounting that provides oversight and transparency

Investors demand transparency and accuracy and hedge funds must satisfy allocators’ increasing expectations for robust operational due diligence if they’re to attract inflows. The allocation process can take time but before a case can be made for the fund’s merits, investors need to know their money will be safe and that everything is in hand. They want to know that the hedge fund is actively reviewing, 监控和验证组合报道. There are more funds than ever and whilst being able to satisfy these requirements may not lead to an automatic yes, not being able to satisfy it very often leads to a no.

Allocators are also demanding ever more detail, wanting more reports than ever, delivered faster and just the way they want it. Waiting too long for a NAV report is no longer acceptable.

From the fund’s perspective, having confidence in, and access to, data is key. Being able to access critical management information and having access to up-to-date, structured, insightful and easily broken-down reports provides firm foundations that will ultimately improve decision making and support more productive conversations with allocators. Our shadow accounting services help firms to meet these shifting expectations by providing the oversight and transparency that enables you to monitor, control and reduce risk whilst ensuring you’re never bound to your fund administrator and you won’t need to increase your internal headcount or infrastructure.

Professional fund reporting to give you confidence to make the big decisions

We serve to relieve the pressure of burdensome regulations, governance, and administrative tasks and we help you validate the data you have from the fund administrator, prime brokers and custodians. We help identify any problems and proactively address them whilst turning data into customised information integrated into daily operations. We provide parallel and independent sets of books and records and act as a safety net against the fund administrator’s number for estimates, and for final numbers to investors. We offer independent internal checks and controls, and our timely reporting and validation help you release information at the right time.

With over 4,000 dedicated experts globally, we have deep asset class experience and have a proven track record of shadowing some of the most complex investment strategies and fund structure in the industry for the world’s largest hedge funds.

Our fund accounting services:

• Month-end reconciliations with prime broker and custodian
• Review pricing/valuation as per valuation policy
• Accruals for income and expenses
• Calculation of GAV / NAV
• Management and performance fees computation
• NAV comparison with fund administrator
• Feeder NAV/Investor allocations
• Internal checks and audits
• Reporting and validation services
• Securities portfolio reporting
• Operational alpha for middle and back office
• Enterprise data beyond transaction booking
• Proprietary technology software to guarantee efficiency and accuracy through automation