Hedge Funds

As hedge fund managers are exploring new strategies, new instruments, and less liquid assets such as structured credit, private debt, and hybrid structures, there is a continued demand for third-party Hedge Fund Administration. At the same time, investors are scrutinizing fees and redemption terms, and demanding deeper visibility into fund money flows. To protect their businesses, managers are entering new markets, pushing product innovation and having to offer customization.

With the current institutional demand for hedge funds, an increasing number of fund managers are choosing to outsource their back-office activities for scale and efficiency. At Ultimus LeverPoint, we provide the institutional quality and infrastructure that investors have grown to rely upon, yet we provide it with a boutique approach. By outsourcing fund services to Ultimus LeverPoint, fund managers benefit from reduced costs and risk, increased efficiency and optimized fund operations.

  • Daily trade reconciliation
  • Cash account reconciliation
  • Independent portfolio pricing
  • Unitization, series, and multiple class accounting
  • Maintenance of books and records including schedule of investments
  • Calculation of management fee and incentive allocation
  • GIPS compliant performance calculations
  • Track special allocations to GP’s and LP’s such as side pocket accounting
  • Support for multi-currency and foreign exchange accounting
  • Preparation of monthly financial and partner capital account statements
  • Assistance and coordination of annual audits
  • Distribution of investor correspondence
    • Investor statements
    • Financial statements
    • K-1s and other tax reporting
    • General correspondence
  • Maintain database of Limited Partner information
    • Contacts
    • Addresses
    • Banking information
  • Financial statements
  • Footnote disclosures
  • Capital account schedules
  • Supporting work papers
  • Coordinate the set-up of bank accounts
  • Administer online banking portals
  • Ability to work with multiple financial institutions
  • Review wires and checks as directed for all cash movements of the Fund and related entities
  • Subscriptions
  • Redemptions and distributions
  • Income and expense allocations
  • Management and incentive fee allocations