Hedge Fund Focus

Gemini Fund Services

• Website: http://www.geminifund.com/Pages/Default1.aspx
• Location:
• Phone: +1 631.470.2600
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Description From Website:

Hedge Fund Administration

Hedge funds are extremely flexible in their investment options because they use financial instruments generally beyond the reach of mutual funds, such as short selling, leverage, concentrated investments, and derivatives. This flexibility, which includes use of hedging strategies to protect downside risk, gives hedge funds the ability to best manage investment risks.

Gemini is in a unique position, differing from some service providers who focus on hedge funds, because we are able to leverage our pre-existing accounting, administration, and transfer agency systems. This allows us to provide additional services to you, at no additional cost, rather than referring you to third-party vendors or charging you additional costs in order to build the technology in house.

Administration in alternative investments is a fast growing area of our business. We administer a variety of strategies, ranging from distressed debt to asset backed securities to foreign equity to private placements. We are confident that our services, customer service and general passion for the fund industry will provide the best solutions for your pooled investment.

Gemini has valuable experience in the hedge fund industry and is highly qualified in assisting clients with fund administration, compliance and regulatory advisory services. We are available to provide your hedge fund the following services:

Administrative Services For Offshore Funds

Set up

• Reviewing the offering documentation
• Reviewing operating procedures
• Liaison with (local) legal counsel
• Preparing the administrative services agreement

Accounting

• Maintain books of account which will include but not be limited to:
  • Processing of trade-related transactions and corporate actions
  • Processing of non-trade-related transactions (cash movements, etc.)
  • Monitoring and processing of capital contributions/withdrawals
  • Daily reconciliation of cash and other balances at brokers
  • Daily reconciliation of bank accounts
  • Monthly calculation of income and expense accruals
  • Monthly calculation of management and incentive fees
  • Daily independent reconciliation of the portfolio holdings

• Preparation of Financial Statements, in conformity with US GAAP (Generally Accepted Accounting Principles). The Financial Statements will include:
  • Statement of Assets and Liabilities
  • Statement of Operations
  • Statement of Changes in Net Assets
  • Statement of Cash Flows (if desired) and Portfolio listings

• Preparation of books and records (including specific schedules and analysis) to facilitate external audit
• Liaison with external auditors
• Computation of fees as described above under a) with supporting schedules
• Provision of accounting or accounting-related reports and/or support schedules to the Investment Manager

Corporate

• Reviewing legal documents
• Publishing net asset value

Shareholders

• Maintaining appropriate registers
• Disseminating reports
• Processing subscriptions and redemptions

Administrative Services For Domestic Partnerships

Set up

• Assist in reviewing the offering documentation
• Designing and/or reviewing operating procedures
• Liaison with external legal counsel
• Prepare the administrative services agreement

Accounting

• Maintain books of account which will include but not be limited to:
  • Processing of trade-related transactions and corporate actions
  • Processing of non-trade-related transactions (cash movements, etc.)
  • Monitoring and processing of capital contributions/withdrawals
  • Daily reconciliation of cash and other balances at brokers
  • Daily reconciliation of bank accounts
  • Monthly calculation of income and expense accruals
  • Monthly calculation of management and incentive fees
  • Daily independent reconciliation of the portfolio holdings

• Monthly preparation of Financial Statements for Partnership in conformity with US GAAP (Generally Accepted Accounting Principles). The Financial Statements will include:
  • Statement of Assets and Liabilities
  • Statement of Operations
  • Statement of Changes in Net Assets
  • Statement of Cash Flows (if desired) and Portfolio listings
  • Partnership Allocation Schedule, including allocation of performance fee from the Limited Partners to the General Partner if applicable

• Maintain accounts showing the capital interest for the General Partner and the Limited Partners
• Preparation of books and records (including specific schedules and analysis) to facilitate external audit
• Liaison with external auditors
• Computation of fees as described above under a) with supporting schedules
• Provide accounting or accounting-related reports and/or support schedules to the Investment Manager

Tax services for US partnerships

• Maintain capital accounts for all partners, both on economic basis and based on US tax principles
• Prepare partner tax allocations using aggregate method
• Communicate with General Partner/Investment Manager
• Liaison with external tax advisors

Investors

• Maintain capital accounts
• Provide monthly account statements
• Process contributions and withdrawals
• Provide anti-money laundering services per the USA PATRIOT Act
• Verification of Investor Identity

General

• Reviewing legal documents, liaison with external legal counsel and obtaining certifications
• General correspondence of the partnership
• Disburse fees and other expenses
• Reviewing and monitoring proper execution of documents and communicating with partners regarding contributions and/or withdrawals of Partnership interest
• Communicating with Partners with respect to general administrative matters
• Disseminating reports to Partners and third parties

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