OPERATIONS
- Create trade files and monitor the daily trade file process facing prime brokers and administrator
- Perform daily position reconciliations
- Trade break investigation and resolution
- OTC confirmation and settlement with OTC counterparties
- Coordinate account opening for new trading relationships
- Assist in creation of Fund marketing materials
- Respond to operational due diligence requests
- Draft and implement a formal valuation policy
- Negotiation of prime broker and ISDA terms
- Assist in the creation of operational risk controls
- Manage relationship with prime broker and all vendors
COMPLIANCE
- SEC registration
- Form ADV creation and updates on IARD
- Compliance manual creation or customization
- Creation and review of policies and procedures
- Monitor and document all aspects of your firm’s compliance obligations
- Mock SEC examination
- Assistance with regulatory examinations
- Conduct annual reviews
- Conduct compliance training
- Monitor personal trading review
- Review emails for compliance violations
- Expense allocation testing
- Pay-to-play record keeping
- Editing of all marketing documents
- Real-time compliance guidance for the trading team
- Ongoing compliance testing and documentation of any exceptions
ACCOUNTING
- Daily cash reconciliations facing prime brokers
- Coordinate with fund administrator to maintain official books and records
- Produce a customized overview of daily P&L for presentation to portfolio managers
- Manage the monthly NAV creation process with Fund Administrator
- Oversee monthly calculation of management/incentive fees
- Review and approve monthly investor performance statements
- Coordinate with fund administrator to review capital contributions and withdrawals
- Customize and send monthly reports to managed account holders
- Coordinate annual fund audit and creation of financial statements
- Prepare financial statements and tax returns for the management company