Hedge Fund administrators are firms whose role is to increase the transparency of a hedge fund for its investors.
In addition to net asset value (NAV) fund accounting, they are tasked tracking trades to ensure that the hedge fund actually owns the shares it puts on the books. The primary role is one of due diligence for investors investors. Hedge fund administrators often use hedge fund databases plus direct communication with the funds themselves to put together a complete and accurate picture.
For more information on this, check out our articles on starting a hedge fund.
Looking for a Hedge Fund Administrator?
Cortland Fund Services (Chicago, IL) is a full service fund administrator providing services to more than 80 clients with $ 6.0 billion of assets under administration in separately managed accounts, hedge funds, private equity funds and managed pools. Cortland is experienced in the administration of various futures funds, options funds, long/short equity funds, credit and securitization products, distressed debt and real estate funds. Cortland is SAS Type II certified and in addition to fund administration, offers commercial loan servicing, cash management, custody and escrow services.
Affinity Fund Services LLC (San Francisco, CA) is a boutique administration and accounting firm that serves a range of alternative investment companies, with a focus in hedge funds. Our clients range from emerging fund managers to prominent investment advisers with diverse investment strategies such as long-short equity, derivatives, fixed income and distressed debt. We manage fund accounting records, prepare annual financial statements, provide disbursement letters for California registered investment advisers, and consult with emerging fund managers to expedite their start-up process.