Epitome’s fund services business is customized based on our client’s needs. We first seek to understand the fund’s strategy and the fund manager’s goals and expectations of our services. Our solutions are targeted to address the very specific needs. We provide middle and back office operations, fund accounting, investor services and hedge fund analytics services. We have also performed advisory and consulting services to sizeable startup hedge funds that require an operational infrastructure set up across the front, middle and back office.

Epitome’s hedge fund service is targeted at mid- and large-sized hedge funds with a variety of strategies. Over the years, we have developed experience in delivering accounting and administration services to hedge funds. We cover an extensive range of instruments from exchange-traded to OTC  derivative instruments. We at Epitome continuously work on learning new products in order to meet challenges posed by introduction of new products in the hedge fund portfolios and developing in-house proprietary valuation models for products such as credit default swaps and interest rate swaps. We can tie-up with an administrator located in offshore locations for Registered Office and Fiduciary Services.

Trade capture and Validation

Reconciliation

Transaction processing

Income and expense accruals

Real-time processing of wire instructions

Daily profit & loss computation

Daily position reporting

Monthly closing, income and expense accruals

Calculation of performance and management fees

Pricing and valuation of month end portfolio

Calculation of Monthly NAV

Maintenance of fund accounting books and records

Preparation of monthly financial statements

Preparation of monthly gains/losses reports

Calculation of fund and investor performance

Audit assistance

Preparation of Investor reports, statements and capital reports

Transfer agency and shareholder services

US tax processing, including preparing information relevant to tax filings such as K-1s and 1065

AML checks and tracking of KYC documentation

Investor Communication

Customized reporting

Our suite of services for the FoF industry encompasses the entire range of middle and back office activities. We act as an extension to our client thereby allowing them to focus on core activities like investor acquisition, trading and making investment decisions. We have a proven track record and robust processes along with experienced staff.  Our services have brought quantifiable benefits to our FoF client processes, helping them mitigate risk and ensuring process stability and an increased return on investment.

Trade Capture and processing

Trade / position reconciliation

Cash / Collateral reconciliation

Performance data gathering

Corporate action processing

Preparation of financial statements

IRR calculation and comparison against benchmarks

Analysis of qualitative information provided by hedge fund manager

Collection and analysis of Manager background information

Quantitative analysis of hedge funds past performance

Assessment and compilation of public information

Quantitative analysis of hedge funds performance

Analysis of manager risk report

Analysis of audited financial statement

Assessment of changes in PPM and subscription documents

With our proven track record in providing middle and back office operational support to our clients with an AUM of approximately 7 billion USD, we are in a position to address the needs of Hedge Fund Administrators and Prime Brokers. Epitome partners with you by providing its operational expertise, a sound transition management plan to leverage the cost advantage and provide scalability to your operation without sacrificing quality. Partnering with Epitome offers you significant cost savings of more than 50% and a significant time zone benefit. We would use your technology platform, but can also work with you to develop a flexible, scalable platform that suits your purpose. Epitome’s process-driven approach makes client processes people independent and repeatable.

Cash / Collateral reconciliation

Swap reconciliation

Securities master maintenance

Corporate action processing

OTC derivative documentation and confirmation support

Maintenance of Shareholders’ register

Handling investor documentation

Compliance to investor eligibility norms

Perform certain anti money laundering checks

Subscription and redemption processing

Investor query handling

Investor communication

Transmission of offering memorandum

Accounting / Maintenance of transaction history

Pricing and valuation of Portfolio

Income and expense booking

Performance equalization

Investor accounting

Performance Reporting

Preparation of the Fund’s financial statements