» independent administration » Hedge Fund News From HedgeCo.Net

Man eyes switch to independent valuation

Wednesday, May 20, 2009 : Permalink

Reuters – Man Group, the world’s largest listed hedge fund firm, is likely to extend the independent valuation of its flagship AHL strategy to calm investors spooked by Madoff, sources familiar with the matter said.

AHL, a $25 billion (16 billion pounds) family of managed futures funds which bet on trends in global futures markets, currently uses a mixture of internal and external administrators to value its constituent funds, which tend to be in liquid and easier-to-value markets.

However, with investors more focused than ever on independent administration in the wake of the fraud by U.S. financier Bernard Madoff, Man is ready to embrace a greater balance of third party input.

Read Complete Article

Tags: bernard madoff, constituent, financier, flagship, fraud, futures funds, futures markets, global futures, hedge fund, independent administration, independent-valuation, investors, man-group, mixture, reuters, third-party, value markets

trackback from your site.

Independent Fund Administration Service Expanded to the U.S.

Monday, March 16, 2009 : Permalink

New York – Trident Trust is expanding its fund administration service to the U.S. to cater to domestic hedge and private equity funds.

The new U.S. office offers clients access to Trident Trust’s three decades of experience providing independent corporate, trust and fund services to the financial services sector worldwide. Trident Trust currently provides services to more than 320 offshore funds with combined assets under management of more than $25 billion.

The new office is headed by Brian Visel, whose auditing and fund administration experience includes working for a leading international accounting firm and heading a global funds administration team servicing clients from start-up to large, diversified hedge funds.

Employing Geneva® and Advent Partner® as its core fund accounting platform Trident Fund Services, Inc offers U.S. funds a comprehensive, independent, administration service which includes complete fund accounting, net asset valuation, investor reporting and anti-money laundering compliance.

With the increased regulatory and investor demand for independently administered funds, Trident Trust’s new office is well-placed to provide both existing and new domestic funds an effective administration solution to their needs based on Trident Trust’s unique pricing model.

For more information contact:

Eileen Casey
Trident Trust Fund Services
NYC Representative Office
545 Fifth Avenue, Suite 402
New York, NY 10017
Tel +1-212-840-8280
Fax +1-212-944-5923
ecasey@tridenttrust.com

Tags: administration experience, administration service, administration solution, asset valuation, assets-under-management, corporate trust, financial services sector, fund accounting, fund administration, funds administration, global-funds, independent administration, international accounting firm, investor-demand, private-equity-funds, three decades, trident trust, visel

trackback from your site.

HedgeCo.Net

Man eyes switch to independent valuation

Independent Fund Administration Service Expanded to the U.S.

Investors

Hedge Fund Managers

My Account

Information / Support

Related Websites