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HFA - Discovery Questions.

1.
Please select from the below to best describe each fund in scope. If your fund structure does not meet any of the below criteria please check the below box.
Fund 1
Existing or Inception Fund Product Strategy Structure Type Location # of Feeders Mgmt Fee Calc Incentive Fee Calc
Existing HFoF Long/Short Capital Based Master Onshore Only 0 Monthly In Advance None
Inception PEFoF Equity Long Only Unitized Master Feeder Offshore Only 1 Monthly in Arrears 1 fee class
Hedge Fund Market Neutral Mini-Master Both 2 Quarterly In Advance Multiple Fee Classes 2-4
PE Global Macro 3+ Quarterly in Arrears Multiple Fee Classes 5+
Arbitrage Other
Distressed
Event Driven
Short Only
Directional
Multi-Strategy
Fund 2
Existing or Inception Fund Product Strategy Structure Type Location # of Feeders Mgmt Fee Calc Incentive Fee Calc
Existing HFoF Long/Short Capital Based Master Onshore Only 0 Monthly In Advance None
Inception PEFoF Equity Long Only Unitized Master Feeder Offshore Only 1 Monthly in Arrears 1 fee class
Hedge Fund Market Neutral Mini-Master Both 2 Quarterly In Advance Multiple Fee Classes 2-4
PE Global Macro 3+ Quarterly in Arrears Multiple Fee Classes 5+
Arbitrage Other
Distressed
Event Driven
Short Only
Directional
Multi-Strategy
2.
Who is the acting custodian for each fund? Additionally, do you currently work with any other counterparties? Please list.
3.
What is/are the fund[s] estimated monthly trade volume[s]? Please list per fund.
4.
Approximately how many positions are held in each fund?
5.
Please select the security types your fund[s] trade.
Securities
Equity
Equity MLPs
Foreign Equity
Repos
CMO,CDO,MBS
Corp/Muni/Govt Bonds
Foreign Bonds
Bank Debt
Futures/Options
Swaps
Forwards
6.
Please answer the following accounting questions:
a)
what lot relief methodology is currently applied?
b)
Does the fund apply amortization? If so, please specify what type.
7.
How do you communicate trades to your current administrator?
8.
Aproximatley how many investors, both LP and GP, have an interest in each fund? Briefly describe your client base for each fund.
# of Investors:
Fund 1:
Fund 2:
Types of Investors
Institutional
Individuals
Internal Capital Only
9.
Please check ‘Yes’ or ‘No’ if you will require the following types of data
Benchmarks Fund Level Performance Reporting Exports for system uploads
Yes Yes Yes
No NO No
10.
What is the stated accounting period for the NAV? Will you require estimates? Please select from the below.
Reporting Frequency
Daily
Monthly
Quarterly
Semi-Annually
Annually
Estimates
Yes
No
11.
After each period is closed, please discuss the NAV reporting deadlines and timing of investor statement distribution.
12.
Can you provide examples of current reporting deliverables for the most recent period end?
Reporting
Yes
No
13.
Can you provide a recent sample holdings file for review?
Holdings
Yes
No
14.
Can you provide the official fund documents for review?
Fund Docs
Yes
No