Fund accounting Freelancer Group

The excel allows for capturing of trades and price information provided by the major prime brokers, custodians and data vendors. Further, we administer both master-feeder structures using equalization or series processing as well as partnerships. Portfolio valuations, financial statements and other (customized) reports; Compute the Net Asset Values and maintain accounting records; Compute and accrue for Performance fee and Management fee attributable to the Investment Manager, Custodian Fees, Administrator fees; Payment of the Fund’s expenses and invoices; Maintaining the fund’s General Ledger; Assist in Corporate Governance; Processing of investment trade related transactions and corporate actions; Portfolio position reconciliation per independent broker/custody statement; Cash reconciliation of the fund’s bank and broker accounts; Accruing for dividend and interest and reconcile such to the broker/custody statement; ...

A Side Pocket is a type of account used by hedge funds to separate illiquid investments from other more liquid assets in a portfolio. Only investors at the time of the creation of the sidepocket will be entitled to a share of the proceeds of the side pocket when it is eventually realized. Future investors will not receive any share of the side pocket. Investors who receive a share of the side pocket at its creation and subsequently redeem from the fund will still receive a share of the side pocket's value when it gets realized. What is an illiquid asset? When an asset is illiquid, it does not mean that the asset has no value. Illiquid assets are difficult to sell because there may not be many buyers interested in purchasing the asset. Common examples of illiquid assets include real estate, antiques and securities that currently have low trading volume, such as those from companies delisted from the major stock exchanges. Investors often refer to stocks with low tradin...

What is a Master Feeder Fund? A master feeder fund is a type of hedge fund structure. Investors place their money into feeder funds which then invests into a master fund. It is the master fund that actually invests in the market. All the market trading occurs at the master fund level. The purpose of the feeder fund is to, funnily enough, 'feed' investor funds into the master fund and then receive the flow of P&L back which in is turn then feed to each investor at the feeder level. Sound complicated? It can take a couple of reads for it sink in. Hopefully the following sections will help tie it all together so it starts making some sense. A typical master feeder structure is comprised of: One master fund Two feeder funds as below: Onshore fund, Limited partnership organised in the U.S. LTD (for U.S. investors) Offshore corporation LP (for non-U.S. and U.S. tax-exempt investors) Understanding Master Feeder Funds: One way to understand Master Fe...