1 2 3
Fund
Administration

Horseshoe Fund Services (Horseshoe) provides back and middle office services including fund and portfolio accounting, investor servicing, AML, financial reporting and regulatory compliance services to hedge funds, private equity funds, ILS funds, real estate funds and venture capital funds.

We differentiate ourselves in 5 key areas: experience; quality and controls; customization and flexibility; technology and reporting; and platform scalability.

SCROLL

HeDGE FUNDS AND
FUND OF HEDGE FUNDS

Horseshoe Fund Services provides middle & back office portfolio and fund accounting services to investment companies and funds domiciled in onshore and offshore jurisdictions. Our accounting team is made up of highly experienced and qualified accountants, mainly Chartered Accountants, with prior hedge fund administration experience. Our processes are designed to offer our clients monthly, weekly or daily Net Asset Value calculations.

Services

Pre-Launch Services

Pre-launch services include:

  • Liaise with legal counsel
  • Review Fund documents
  • Advise on fund structuring
  • Coordinate the investor take on process and manage subsequent close process
  • Coordinate regulatory filing requirements
  • Introductions to custodians, lawyers, audit firms and independent directors, if requested
  • Development of operational procedures and workflow
  • Establish, set-up and manage fund bank accounts
  • Develop fund and investor reporting packages

Investor Services
and AML

Investor and AML services include:

  • Maintain the investor records and respective share and partnership registers
  • Monitor ERISA asset levels
  • Process subscriptions/contributions, redemptions/withdrawals and transfers
  • Seek to ensure investor compliance with AML policies utilizing World‑Check©
  • Report to investors by email, web or fax, their respective holdings and values
  • Distribute other fund documentation to investors as required
  • Reply to all investor correspondence in a timely manner

Middle Office

Middle Office services include:

  • Automated import of daily portfolio pricing from third party data vendors
  • Automated daily corporate action processing
  • Automated daily import of portfolio transactions
  • Automated daily reconciliation of trades, cash and portfolio positions
  • Provide online daily, weekly, or monthly customized portfolio and profit and loss reports

Fund and
Portfolio
Accounting

Fund and Portfolio Accounting services include:

  • Calculate Net Asset Values for onshore and offshore funds, including automated calculation and allocation of administration, management, incentive fees and other accruals
  • Independently value securities using third-party sources
  • Reconcile portfolio positions, activity and cash with prime brokers and custodians
  • Automated multi-series, series consolidation, equalization and partnership accounting
  • Automated side pocket functionality
  • Prepare monthly and year-end fund financial statements
  • Liaise with auditors and coordinate audit timetables
  • Coordinate tax preparation

Regulatory Compliance
Services

Regulatory Compliance Services include:

  • FATCA and CRS compliance
  • Assist with Form PF Level 1 completion
  • Professional Corporate Services team in our affiliate company, Horseshoe Corporate Services, ensure compliance with reporting requirements of various offshore jurisdictions including Bermuda, the British Virgin Islands and the Cayman Islands
  • As an approved listing sponsor of the Bermuda Stock Exchange we can assist our clients with listings as required

Cash
Administration

Cash Administration services include:

  • Establish and maintain bank accounts through relationships with our banking partners
  • Disburse payment of approved third-party fees and expenses incurred by the fund
  • Facilitate the payment of duly authorized redemptions
  • Facilitate the transfer of subscription monies to the fund’s prime broker or custodian account(s)