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Fund Administration
Cortland offers a comprehensive fund administration solution to proprietary trading,
real estate and alternative investment managers. Our combination of fund accounting
and middle-office asset servicing expertise creates a turn-key solution for new
funds focused on managed futures, equities, bank debt, real estate, structured finance
securities, distressed debt, tax liens, fund-of-funds, and other instruments and
strategies. We perform the following functions on behalf of the Fund or Manager:
- Experts in supporting Sec 3(c)(1) and 3(c)(7) fund structures
- Fund accounting
including preparation of P&L and estimated daily and periodic official Net Asset
Valuations (NAV)
- Financial reporting including preparation of fund financial
statements with audit and footnote support
- Investor servicing and accounting
including management fee calculations and record keeping of subscriptions and redemptions
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Shareholder services including AML/KYC compliance, registrar and transfer agency
services
- Investor communications and investor reporting preparation, distribution,
and archiving
- Integrated management performance fee calculation, monitoring
and tracking
- Integrated tracking of capital contributions and withdrawals, partnership
and new issue allocation
- Prime brokerage data ‘pipe’ connections for streamlined
reconciliation
- Connected pricing interfaces for efficient valuation calculations
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Performance measurement analytics and reporting
- Third-party compliance analytics
for financing agents, regulatory bodies, and fund management compliance groups
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Full audit coordination and support
- ERISA compliance monitoring
- Tax
Support - State and Federal tax filing requirements, integrated service for tax
preparation 1065 and K-1s
Fund Formation
Cortland is positioned to service fund managers in the formation of both onshore
and offshore investments funds. Utilizing our office relationships in the British
Virgin Islands (BVI) and the Cayman Islands, we offer a complete, competitive and
professional formation and licensing facility using independent experts to perform
legal and accounting services tailored to the needs of each fund client. The fund
formation services include:
- DDA, trust, and custody bank account solutions
- Formation of the fund company
and preparation of fund governance documents
- Preparation of initial fund company
audit and drafting of fund offering memorandum
- Preparation and submission of
NFA and SEC registration and licensing applications
- Drafting of management and
advisory agreements
- For offshore funds - Drafting of memorandum and articles
of association
Seperately Managed Account Services
Cortland is uniquely qualified to provide a turn-key platform of systems
and professionals to cover all asset administration, calculation, portfolio analytics,
fund administration and reporting necessary to administer a managed account. Cortland
will provide seamless custody bank functions through our strategic relationship
with a leading custodial bank or reconcile directly with the custody bank of the
investor or financing agent. This combination of quality, time-to-market, cost,
and security provides managers appointed on separately managed accounts an immediate,
efficient and superior advantage in serving their investors.
For each managed account appointment, a single agreement between the asset manager,
Cortland and the custody bank governs the administration of the account. All funds
and securities movement activities are executed by the bank upon receipt of instructions
provided by authorized representatives of the client, which have been reviewed,
reconciled and transmitted by Cortland. Cortland acts as the single point of contact
for the asset manager, eliminating time-consuming administrative tasks for you and
your team. We offer:
- DDA, trust and custody bank account solutions
- Daily position, P&L and transaction
reporting solutions
- Targeted analytics and investor reporting solutions
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Fund accounting, valuation, NAV and financial reporting and audit preparation solutions
Email us for more information:
Dan Hart, Fund Administration - Business Development
Manager dan.hart@cortlandglobal.com
| tel: +1 (312) 564-5065
Michael Dombai, Real Estate Services - Business Development
michael.dombai@cortlandglobal.com
| tel: +1 (312) 564-5095
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