Alternative Investment Service Capabilities

Accordo provides comprehensive business and compliance advisory services to hedge funds, fund of funds and private equity firms spanning portfolio management, custody, cash management, fund administration, compliance, operations and investor services. Our suite of services supports the entire investment lifecycle across a range of fund types that will help streamline fund operations, enhance business efficiency, manage risk exposure, meet regulatory requirements and deliver operational excellence to both retail and institutional investors.


Front Office Capabilities

  • Fund Setup
    • Hedge Fund and PE Fund Structuring and Launch
    • Liaise with fund attorneys in registering the fund onshore or offshore
    • Receive, record and obtain general partner approval on application/ commitment agreements
    • Review offering documents and limited partnership agreements (LPAs)
    • Conduct service level discussions regarding trade capture and execution
    • Limited Partnership and Private Placement Memorandum Documentation
    • Subscription and Adoption Agreement
    • Investment Manager Analysis for Fund of Funds (Fund of Hedge Funds and Fund of PE Funds)
    • Hedge Fund Operational Due Diligence
    • Private Equity Operational Due Diligence
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  • Securities Lending & Collateral Management Programs
    • Direct, Auction-only and Standard Negotiated Lending
    • Triparty-repo risk management services, collateral and counterparty metrics
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  • Fund Conversion Support
    • Project/ Program Management
    • Provide guidance concerning potential fund structures and regulatory considerations
    • Review offering documentation and contracts
    • Introduce third-party service providers including legal, audit, and brokerage professionals
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  • Multi-Manager Investment Strategy Benchmarking
    • Long/ Short Equity
    • Arbitrage Strategies (M&A, Convertible Bond, Fixed Income, etc.)
    • Event-Driven Strategies
    • Global Macro
    • Managed Futures
    • High Yield/ Distressed Debt

  • Middle & Back Office Capabilities

    • Conduct due diligence on funds and investment managers
    • Customized daily reporting for management, risk or regulatory compliance purposes
    • Reconciliations of trade, cash activity with cash and positions balances from clearing brokers
    • Trade capture and settlements
    • Dark Pool toxicity assessments
    • Shadow accounting (NAV calculations) and reconciliations
    • Security master and corporate action processing
    • Review and reconcile management and performance fees
    • Maintain & supervise FINRA registrations for licensed individuals
    • Provide private fund marketing and sales literature review, approval, and record maintenance
    • Internal controls and security around cash management and wire processing
    • Evaluate and recommend short term investment strategies and returns

     

  • Active and Passive Cash Management Services
    • Review and report multi-currency balances and intra-day transactions
    • Assess daily cash sweep vehicles options for efficient liquidity management
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  • Fund Administration
    • Reconcile cash and investment positions
    • Review Net Asset Value (NAV) calculations
    • Support financial statement and investor reporting
    • Evaluate registrar & transfer agency services
    • Review and assess subscription/ redemptions processing
    • Support investor communications and disclosures
    • Track unfunded commitments and called capital receivables
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  • Custody and Prime Custody Services
    • Reconcile trade activity and positions
    • Review underlying investment valuations
    • Provide reporting services for positions
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  • Portfolio Services
    • Hedge fund liquidity and concentration analysis
    • Review portfolio trading activity for compliance
    • Support portfolio valuations via independent price verification
    • Assess and advise on daily cash and investment positions reconciliations processes
    • Facilitate business conversations with prime brokers and custodians
    • Conduct portfolio compliance testing and reporting
    • Review books and records and corresponding controls
    • Assess and advise on collateral and margin management services
    • Support OTC derivatives and multi-manager structures services that include, but not limited to:
      • performance measurement and risk analytics
      • daily exposure reporting across multiple reporting levels,
      • daily value at risk calculated at the security level,
      • position-based performance attribution including daily estimated performance,
      • multi-level attribution and multi-period reporting,
      • portfolio surveillance and risk-based compliance monitoring and
      • liquidity Forecasting and liquidity risk management
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  • Regulatory Compliance
    • Provide AML, KYC and sanctions screening compliance (OFAC, FATF, FinCEN, etc.)
    • Establish Compliance Program (Policies, Procedures and Controls)
    • Assist in the monitoring and documenting compliance with specified U.S. federal, state, and offshore regulations
    • Prepare certain regulatory filings for Fund approval
    • Review draft and completed subscription documentation for compliance with Fund specifications
    • Support regulatory reporting – AIFMD, Form PF and others
    • Assist hedge fund managers with record keeping requirements
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  • Investor Services Support
    • Register and transfer agency services
    • Assess and/ or develop communications portal
    • Develop predefined, ad hoc, and customizable reports
    • Subscriptions and redemptions
    • Confirmations and Statements

  • Reporting and Dashboard Development

    Our reporting expertise includes the development of report templates and dashboards to support Alternative Investment managers spanning Custody, Accounting, Performance Reporting, Benchmarking, Securities Lending, Collateral and Cash Management, Risk Management and Regulatory Compliance.

    • Fund Accounting Reporting & Monitoring
    • Transfer Agency Reporting & Monitoring
    • Board & Executive Dashboards
    • Integrated Portfolio, Risk, Compliance and Operational Analytics
    • Investment and Fund-level Accounting Analytics
    • Cash and Monthly Asset Reconciliations
    • Credit and Counterparty Risk Metrics
    • Market and Liquidity Risk Metrics
    • NAV’s, Valuations, Portfolio Holdings and Performance
    • Accounting Calculations (preferred return, performance, carried interest, and waterfall fees)
    • Securities Lending & Custody Dashboards
    • Investor and Multi-level Fund Reporting (Fund, Participant, Investment Strategy, Asset Class, etc.)
    • Capital Calls and Distribution (Receipts and Disbursements, LP/ GP Account Balances, etc.)
    • Tax Lot Reporting for realized/ unrealized gains and losses
    • Cash Availability, Cash Projections and Daily Cash Sweeps
    • Portfolio trading activity, daily cash and investment positions
    • Multi-Level Reports – investor, investment, strategy and fund
    • Specialized ‘Drift’ Reports for portfolio managers
    • SWIFT Reports on wires, balances and statements, and other account information