FFS provides independent administration and accounting services to alternative investment funds and their investment managers and trading advisors. The nature and extent of services are customized to meet the specific needs of each client, which vary greatly from client to client depending on their size, complexity and the extent of their internal resources.
Typical services provided include the following:
- Preparation of Investor Account Statements
- Balance Sheet, Income Statement, General Ledger maintenance
- Maintain Portfolio of Investments and other trading account reconciliations
- Preparation of Investor allocation schedules
- Calculation of fees and performance allocations due to the fund sponsor or investment advisor
- Inception to date performance reporting for the fund
- Third Party Control of cash movements
- Processing of Subscriptions and Redemptions
- Anti-Money Laundering (AML) Compliance
- Distribution of communications to Investors
- Coordination of Audit and Tax Services – Bridging the gap between managers and auditors/tax accountants during this critical time; allowing managers to remain focused on investment research and deal development, while still meeting the reporting requirements as outlined in the fund’s agreement with investors
- Assist with periodic regulatory reporting requirements (NFA, SEC, etc.)