Sunday, August 3, 2008

Hedge Fund Administrtaion

A lot has been made of hedge fund managers but while they are often the public face of a hedge fund, they are hardly the only people involved in its success or failure. Hedge fund administrators play a vital role in maintaining a fund. Administrators don’t manage portfolios, trade or research, develop products, raise capital, or manage client relationships. Instead, they services clients and investors, support a fund from an operational end, and provide financial, tax and compliance reporting. This includes audits and tax coordination; compliance services such as anti-money laundering and background checks on clients as required by the Patriot Act. These functions are critical to the successful daily operation a fund and investment adviser.

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