Hedge Funds

Alter Domus has many prominent hedge funds among its clients. Our hedge fund team has significant expertise in administering both hedge funds and funds of hedge funds, and we have years of valuable experience working with funds across most jurisdictions on three continents. Our offering to the hedge fund industry is a comprehensive turnkey solution. In addition to administration, Alter Domus offers assistance with trade settlement and back office operations for hedge funds in selected markets.


We pride ourselves on offering a one-stop-shop service to our clients and we apply the same level of dedication and professionalism in every jurisdiction in which we operate. Above all we ensure our services are delivered on time and with accuracy. Our objective is to enable our clients to focus on optimizing the value of their assets under management by handling non-core but critical support activities.


We understand that start-up managers may require additional support as they launch funds for the first time. With this in mind, we offer turnkey services to assist in the smooth launch of new funds. We coordinate the selection of service providers, including lawyers, auditors, custodians and other professional advisers. We review Offering Memoranda to ensure all administrative issues are taken into account, assist in identifying non-executive directors and we assist our clients identifying and securing office locations and operational infrastructure.

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Services for hedge funds

Fund Launch

  • Coordination of advisers and service providers, including lawyers, prime brokers, banks, auditors, and custodians
  • Assistance with bank and custodian accounts opening
  • Complete due diligence, including KYC and anti-money laundering (AML) on Funds and third parties
  • Review of and feedback on fund documents, including PPMs, Offering Memoranda, SLAs, and other transaction documents with various parties

Administration

  • Comprehensive Transfer Agency and Investor Services, including identification checks (KYC), and AML
  • Maintenance of investor records and register, and proper completion of subscription forms and determination of eligibility
  • Management of subscriptions, including monitoring of bank account movements
  • Handling of redemptions, including sending redemption proceeds
  • Processing of transfer requests and register updating
  • Follow up of outstanding KYC items with investor(s), if necessary
  • Coordination of cash management and treasury services
  • Preparation of necessary documentation, including acknowledgements, contact notes, and statements
  • Assistance in subscription and redemption of underlying funds for FoF, and follow up with the administrator of underlying funds for statements and corporate actions

Accounting

  • Accurate record keeping using either portfolio or partnership accounting
  • Maintenance of general ledger
  • Supervision of audit process

Investor Communication

  • Maintenance of investor information
  • Response to investor queries in multiple languages
  • Customised investor reporting and mailings

Net Asset Value (NAV) generation

  • NAV calculations as mandated by the offering document, SLA, and the respective fee letter on each valuation point
  • Provision of NAV results per agreed timeline
  • Distribution of NAV statements / reports to appropriate parties

Reporting

Generation of valuation reports for fund managers, including, but not limited to:

  • Net Asset Value Statement
  • Fund Operation Statement
  • Portfolio Holding Statement
  • Cash Statement
  • Other reports per agreed valuation package
  • Reports can be customized per client’s preference

Investor Communication

  • Maintenance of investor information
  • Responding to investor queries in multiple languages
  • Customised investor reporting and mailings

Middle and Back Office Services

  • Full middle office services to “bridge-the-gap” between the fund and other service providers, including trade settlements, transaction reconciliations, and delivery of various reports at asset managers' desktops etc.
  • Assistance with the operations of funds
  • Investigation of failed settlements and transparent reporting for managers

Company Secretarial and infrastructure support

  • Assistance with structuring of entities across various jurisdictions
  • Provision of registered office space and assistance with setting up physical infrastructure, including setting up phone lines, network connections, and disaster recovery plans
  • Execution of statutory filings as mandated by relevant regulations
  • Assistance with board meetings