+1(345) 943 4232

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Fund Administration
Services

AFA operates on a fully integrated accounting/reporting platform to deliver

robust and transparent reporting to fund managers and investors

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Advanced Fund Administration

AFAprovides a comprehensive and cost effective fund administration solution for our
clients. AFA operates on a fully integrated accounting/reporting platform to deliver robust and
transparent reporting to fund managers and investors. All of our fund accountants are either
CPAs or Charted Accountants, having prior work experience with audit firms and fund
administration firms serving the alternative investment industry.
AFAs goal is to help clients navigate the process of efficiently structuring their fund. For both
onshore and offshore funds our team of highly experienced professionals, provide guidance
and discuss the comparative advantages of the most complex legal and fiscal
structures. AFA can provide assistance in establishing all types of fund structures and
investment vehicles such as hedge funds, private equity funds, funds of funds, managed
accounts and partnership structures. Complete turnkey fund establishment services include:
Advice and guidance on the set-up of a fund from the Fund Administration perspective,
with specific consideration given to legal, regulatory and tax issues, as well as
investment objectives
Assistance with incorporation of an offshore legal entity in the jurisdiction selected with
consideration given to fund specific circumstances
Collaboration with both US/UK and offshore attorneys in the set-up of US and offshore
funds
Obtaining licenses and regulatory approval as required
Assistance in the drafting of offering documents

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Fund of Funds
AFA has developed a dedicated and tailored offering for Fund of Hedge Funds (FoF) clients
to address the needs of FoF's and their investors. AFA provides comprehensive shareholder
and fund accounting services, structured to meet the needs of our Fund of Hedge Fund
clients.
FundValuationProcessing
AFA can accept and store estimated and final valuations from underlying fund managers
based on gross rate of return, net rate of return, or net asset value. We also have the
capability to process information from all underlying investments made by the investee fund,
both at the fund level in addition to the underlying securities. Estimated valuations of
underlying investee funds can be stored in a data warehouse and compared to actual
valuations once finalized.
PortfolioManagement
AFA can provide daily, weekly and monthly profit & loss information for both separately
managed accounts and investments in funds, providing our FoF clients with the right tools
and information necessary to manage their portfolio.
SubscriptionsandRedemptionsProcessing
AFA manages the subscriptions and redemptions process in underlying fund investments.
AFA will coordinate with the investee fund's investment manager and their fund administrator
to coordinate the delivery of all documentation, cash transfers and confirmations.

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Hedge Funds
AFA is a SSAE 16 Type II compliant fund administrator offering a comprehensive and cost
effective solution to hedge fund managers, remaining flexible in providing fund administration
services to address varying client needs. AFAs Hedge Fund expertise services all types of
hedge fund structures and investment instruments including Arbitrage, Emerging Markets,
Event Driven, Fixed Income, Fund of Hedge Funds, Futures and Options, Global Macro,
Long/Short Equity, Venture Capital, Real Estate, Life Settlements, Market Neutral, MultiStrategy, PIPEs, Distressed Debt, Loans, etc
Reportingfunctionality:

Investment Tracking and Analysis

Investor Allocation and Reporting
Accounting Services
Investor Services
Cash Management Services
Year-End Financial Services
Provision of Registered Office Services
FATCA Reporting Services

Click to read in detail about hedge fund administration services

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Private Equity
AccountingandAdministrativeSolutionsforthePrivateEquityIndustry
AFA is a SSAE 16 compliant fund administrator offering a comprehensive solution to
private equity funds and related management companies, and is flexible in providing
fund administration services to address client needs. AFAs Private Equity expertise
encompasses all types of private equity funds including real estate, venture capital, public
traded portfolio companies, distressed debt and buyout funds. A critical factor separating AFA
from other firms in this space is our in-depth knowledge of the Private Equity industry
Reportingfunctionality:

Investment Tracking and Analysis

Investor Allocation and Reporting
Accounting Services
Investor Services
Cash Management Services
Year-End Financial Services
Provision of Registered Office Services
FATCA Reporting Services

Click to read in detail about private equity funds administration services

+1(345) 943 4232

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Mutual Fund
Advanced Fund Administration LLC, an affiliate of Cayman Advanced Fund Administration
, is registered with the Securities and Exchange Commission ("SEC") as a Transfer Agent
under the Section 17 A(c) of the 1934 Securities Exchange Act. As a registered Transfer
Agent, AFA LLC is able to administer Funds that are registered under the 1940 Investment
Company Act.
Transfer agents record changes of ownership, maintain the issuer's security holder records,
cancel and issue certificates, and distribute dividends. Because transfer agents stand
between issuing companies and security holders, efficient transfer agent operations are
critical to the successful completion of secondary trades. The SEC has promulgated rules
and regulations for all registered transfer agents, intended to facilitate the prompt and
accurate clearance and settlement of securities transactions and that assure the
safeguarding of securities and funds. The rules include minimum performance standards
regarding the issuance of new certificates and related recordkeeping and reporting rules, and
the prompt and accurate creation of security holder records and the safeguarding of
securities and funds. The SEC also conducts inspections of transfer agents.
In addition to being in a position to perform the critical Transfer Agent function for '40 Act
Funds, AFA LLC will also conduct all accounting functions and through affiliations with
respected law firms, the compliance and Board of Director support functions that are
required for Registered Funds
For more information on this service offering, please contact us at info@afaservices.com

+1(345) 943 4232

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Accounting Services
OurAccountingServices

Generation of NAV package on periodic (monthly, quarterly, etc.) which includes details
about portfolio holdings, profit and loss, account balances, and performance
Position and Cash reconciliation with all custodians, prime brokers, and counterparties
Tracking of portfolio activity at a tax lot level and ability to select lot pair off methods for
tax purposes
Calculation of an annual expense budget and monthly accruals
Delivery of reports to fund managers in all formats (.pdf, .xls, .csv, .xml, .txt, etc)

+1(345) 943 4232

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Shareholder and Investor

AFA, through its locations in the United States and the Cayman Islands, can service both
offshore and US domestic funds, however they are structured.
AFA's Transfer Agency and Shareholder Services are consistent with leading industry
standards. Our Shareholder Services team or offshore investor services team will record
subscriptions, transfers and redemptions in funds and correspond with investors on a regular
basis keeping them up-to-date with the status of their holdings in the funds we administer.
As part of its ongoing Registered Office Services, AFA will maintain the register of
members for voting as well as non-voting shareholders of funds as well as holding
companies.
Through our Web Reporting platform, investors will have secure and password-protected
access to view their account statements and relevant fund documents. Investment Advisors
are able to obtain multiple reports through their own dedicated access.
All shareholder records for offshore funds administered by AFA will be maintained in our
Cayman Islands office.

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Middle Office
AFA offers Hedge Fund Middle Office capabilities comprising of post-trade and presettlement activities, including daily trade processing, reconciliation, and daily P&L
reporting, collateral management, corporate actions, and cash management. For fund of
hedge funds, we offer daily cash and position reconciliation, and liquidity tracking and
reporting.
AssetValuation:
Through strategic partnerships with several valuation firms, AFA can provide valuations of
complex and illiquid assets including residential and commercial real estate loans and
securities (RMBS, CMBS, CDO and ABS), as well as assisting with collateral management.
Analytics:
As client investment processes become more complex and volatile, AFA can provide
assistance in many of the cumbersome areas where accuracy is key to successful investing.
We provide a range of analytics to assist our clients in evaluating fund assets and liabilities,
and to make informed portfolio decisions.
AFAs analytic services focus on (1) calculating important sensitivity measures to explain how
securities can react to certain factors and (2) scenario analysis and stress testing to
understand how securities will behave under certain macro-economic environments and
markets.

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Middle Office
Keyanalysisandreportinginclude:
1. Cash Flow Forecasting
2. Sensitivity Analysis
3. First and second order sensitivities
4. Key Rate Durations
5. Descriptive Analytics
6. Stress Testing and Scenario Analysis
7. Hedge Analysis
8. Economic, rating agency, and statutory capital
9. What-if Portfolio analysis
Non-DiscretionaryAssetManagement:
AFA can also assist in providing our clients with optimal portfolio position rebalancing to
increase cash utilization and yield. In addition, we can provide credit analysis to ensure
portfolios are optimized relative to credit risk concerns.

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Treasury
AFA offers cash management solutions in conjunction with several industry leading banks,
whereby escrow accounts are established in a funds name to facilitate the receipt of
subscription proceeds from investors prior to transfer into the funds Prime Broker or
Custodian trading account. Upon receipt of subscription documentation and incoming
proceeds, AFA conducts its due diligence on both the source of funds and the Investor,
including required AML and KYC analysis.
Once the AML due diligence process has been completed, the subscription proceeds are
wired into the funds trading account. This process is conducted on a same-day basis,
causing no delay for the fund manager in trading the incoming capital while ensuring that
proper due diligence is carried out. The same process pertains for any redemption from a
fund to ensure that the redemption proceeds are returned to the investors account from
which they were initially subscribed, thereby following required AML procedures.

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Contact Today!
Cayman Islands
Email:
Phone:
Website:

info@advancedfundadministration.com
+1(345) 943 423
www.advancedfundadministration.com

Email:
Phone:
Website:

infousa@advancedfundadministration.com
1-(908) 273 4545
www.advancedfundadministration.com

USA