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Fund Formation |
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When launching an investment vehicle, you will frequently need to confer with an experienced CPA. As your advisor, I will guide you through the entire process with services such as: |
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Review of formation documents and recommendations on fund structuring |
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Does your proposed fee structure work as intended in practice? Is a single onshore partnership sufficient or do you need to consider setting up an offshore corporation? I can critically review your offering memorandum and help you answer some of these basic questions so that you are prepared when meeting with your attorney. |
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Assistance with the evaluation and hiring of service providers |
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Clearly, it is important that you select an administrator who is capable of meeting your current as well as your future needs. Your choice of service provider may, however, affect more than just your operational efficiency; it may also influence your ability to raise institutional capital. Do you know what questions to ask and which factors to weigh in your final decision? Do you have the time to perform your primary research with each potential service provider? Take advantage of my familiarity with the industry leaders and niche players – allow me to assist you in the short-listing and interviewing process, and provide a recommendation to suit your specific situation. |
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Design of policies, procedures and internal controls |
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In its April 2008 “Best Practices for the Hedge Fund Industry” report, the Asset Manager's Committee to the President's Working Group encourages investment advisers to adopt detailed written policies and procedures in areas such as disclosure of information, valuation, operations, risk management, professional conduct and conflicts of interest. This viewpoint echoes the recommendations of the “ 2005 Sound Practices for Hedge Funds” report issued by the Managed Funds Association. It is becoming industry best practice – and an investor expectation – for every fund to adopt such standards of operation.
Don't be left behind the curve. Working with you and your attorney, I can draft a set of policies and procedures that are tailored to your fund's circumstances. I can also suggest internal controls suited to your infrastructure and strategy, and create templates for operational use (such as for portfolio reconciliation). |
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