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Yulish & Associates - Making Clients Happy Since 1993

What services does a hedge fund administrator provide?

Administrators provide a wide array of services. The core service is to prepare an independent presentation of the fund’s monthly or quarterly accounting. A standard fund accounting deliverable will include the following:

  • Preparation of the balance sheet and income statement
  • Computation of net asset value
  • Tracking of investor subscriptions and redemptions
  • Calculation of investor ownership percentages
  • Allocation of profits and losses among partners
  • Computation of management fees and incentive allocations
  • Time-weighted rate-of-return calculations on a month-to-date, quarter-to-date and year-to-date basis

Please view our sample accounting package.

Most administration firms offer additional services, which include:

  • Investor relations services, including the preparation and distribution of investor capital account statements and other manager communications
  • Audit assistance, including the drafting of fund financial statements and footnotes and communicating directly with the auditors. (However, we do not audit, review or compile clients’ financial statements, nor prepare tax returns; we are glad to refer clients to specialists in these areas.)
  • Transfer agent services, such as the collection, review and processing of subscription and redemption documents
  • Authorized approval of withdrawals (for many hedge funds, an independent accountant or attorney must sign off on fund disbursements to managers)

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"Great value proposition with excellent client service. A pleasure to work with, always on-time and always available for follow-up and advice."
Hadi Habal
Habal Capital Group, LLC
"I would recommend Kathryn to everyone in the business, and I would tell friends using larger firms to switch. She is as good as it gets."
Kelly Gasink
Reservoir Investment Partners
"We have been thrilled with Yulish & Associates since we switched administrators 4 years ago."
Randall Gilberd
Rockridge Investment Partners LLC
"They [Yulish & Associates] are fast, accurate, and always nice when answering my questions. I can honestly say it’s a true pleasure to work with them."
Samuel C Wilson, CFA
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