Services – CONSET-BAY

Full Scope Of Services

PRE-LAUNCH

Review of Limited Partnership Agreements, investment management agreements, offering memorandum and subscription documents
Set up management company operations, including a definition of roles and responsibilities
Lead the selection of service providers and key technology
Design operational infrastructure focused on creating the foundation for the business to scale
Creation and support of marketing materials, including presentation
Creation of Due Diligence Questionnaire

MIDDLE AND BACK OFFICE

Daily trade/position/cash reconciliation to PBs, Fund Administrator, Custodians and ISDA counterparties
Daily reconciliation of equity swap settlements
Processing of manual corporate actions
Month-end reconciliation of stock borrow financing interest
Daily booking of non-trading accruals and expense

FUND ACCOUNTING

Monitoring and accrual of third-party fees
Weekly estimates
Setup and maintenance of data warehouse and shadow accounting system
Customized daily profit and loss (PnL) reporting using fund administrator’s data and enriched with market data (e.g., Bloomberg
Calculation of monthly management and performance fees
Monthly net asset value (NAV) reconciliation to Administrator
Month-end investor allocation to Administrator
Month-end investment statement review
Management of funding/payment of investor activity
Liaison with the administrator to respond to inquiries and deliverables
Coordination with your team, auditor, and administrator to address ASC820, Fair Value Measurement and Disclosures
Year-end audit and tax reviews
Preparation of GAAP-compliant annual financial statements / review financial statements for compliance with applicable accounting standards, fund governing documents and industry best practices
Dedicated resources to support the financial reporting process, including review of complex valuations

COMPLIANCE & REGULATORY

Development and implementation of customized Compliance Policies & Procedures Manual/Code of Ethics
Exempt Reporting Advisers, filing of applicable items in Form ADV Parts 1A
Non-exempt advisers, registration process, including the ongoing administration and monitoring of the Firm’s Investment Adviser Registration Depository (IARD) account and documentation of Form ADV Parts 1A, 2A, and 2B
Preparation and review of ADV Filing, Form PF and other regulatory filings
Employee training administration
Chaperoning expert network calls
Aggregation of insights on accounting and reporting developments, regulatory filing requirements, and financial reporting

MARKETING, INVESTOR RELATIONS & DUE DILIGENCE

Development of marketing strategy presentation aligned with investment goals
Creation of a compelling pitch book, and other marketing deliverables, including content
Implementation and maintenance of client relations database
Work with marketers and capital introduction teams to facilitate investment manager roadshows
Using data warehouse and attribution software, preparation of customized investment manager and investor reports
Management of the due diligence process for potential investors and existing investors
Preparation and review of due diligence questionnaires and other operational materials
Review of International Swaps and Derivatives Association (ISDA), prime brokerage (PB), and other agreements

MANAGEMENT COMPANY

Selection / Implementation / Maintenance of general ledgers (includes all bank, credit card and additional account reconciliations
Preparation of monthly, quarterly, and annual financial statements (unaudited
Preparation of annual budget and projections
Review of year-end tax filings
Invoice tracking and the allocation of expenses in accordance with governing documents and related investment management agreements
Review and negotiate service providers and third third-party agreements
Human resources – Payroll processing and healthcare benefits administration
Preparation and review of due diligence questionnaires and other operational materials