The role of the hedge fund administrator

The current hedge fund boom is good news for administrators who are responsible for calculating the NAV, keeping record of a fund's assets and providing shareholder services and financial reporting

Hedge funds are experiencing a boom with retail and institutional investors viewing them as prospective safe havens for their capital in current volatile markets. With this boom has come increased use of hedge fund jargon such as prime brokerage, convertible arbitrage and the term hedge fund administration. In essence, hedge fund administration involves keeping the records of a fund's assets, calculating its net asset value per share, processing share applications and redemptions, providing shareholder services and financial reporting. Hedge fund administration differs markedly fr...