Through Port of Hercules Administrators Limited, a British Virgin Island regulated fund administrator and wholly owned subsidiary of a Moore Stephens Member Firm, fund administration services are available along with other value-added services. A flexible solution is provided aimed at the small to medium size fund.

The following services can be provided:

Party introductions:

Linking fund managers to legal experts, custodian banks and other parties who can assist in the creation of the fund.

Fund set-up:

Review of documentation, implementing operational procedures so that the fund is ready to operate when required, liasing with lawyers, custodian banks and other parties to ensure a smooth commencement for the fund.

Fund administration:

Providing a high quality efficient back office support service for the fund managers. Performing monthly/quarterly Net Asset Valuations (“NAV”s) and providing the accounting function for the funds.

Transfer Agent/Registrar:

Dealing with subscriptions/redemptions into the fund and maintaining an up to date list of shareholders in the fund, as well as handling the ever increasing compliance requirements.

Investor relations:

Dealing with investor queries, sending out monthly statements and generally guiding the investor through their time within the fund.

 

Why choose us?

With our international coverage we are not restricted to any one jurisdiction and can offer unbiased and well-researched advice which best suits the fund rather than best suits us. We offer face-to-face friendly advice to our clients and try to establish the best possible working relationship rather than being just a voice at the end of a telephone. Extensive experience of administering hedge funds gives us the knowledge and capability to meet all your fund service needs.

What are the costs?

Fund administration fees are normally charged by Port of Hercules Administrators Limited, based on the value of the assets held. This fee is charged at a sequential rate that decreases as the size of the fund increases. There is a minimum charge per month and an additional fixed fee to act as registrar and/or transfer agent.

Hedge Funds

Hedge Funds have seen enormous growth in the last decade where the number of funds has increased by an estimated 10-fold. With risk-adjusted returns similar to typical mutual fund managers and low correlation with traditional asset classes, they are seen to have an important role in strategic asset allocation. In the US alone, hedge funds are perceived to hold approximately $650 billion in assets.

Although not without risk the volatility of hedge funds is typically lower than that of mutual fund indices or equity benchmarks while returns are still relatively high generally producing a high Sharpe ratio. Evidence also points to continual success of hedge fund managers due to the continual exploitation of inefficiencies that are inherent in the marketplace.

In the last few years various hedge fund indices have been set-up to track performance including the MSCI, CSFB/Tremont & VAN indices. These alone show average returns of around 15% per annum based on the global performance of hedge funds. However indices may show an unbiased indication of what they are tracking due to the fact that they may be selective in the funds that are included in order to show a better performance.

Property Funds

Property Funds are proving an attractive alternative investment for many global investors. As the property market’s performance has in some circumstances been historically negatively correlated to the performance of regular investment funds it is proving to be a good “hedge” to take for a low risk investment strategy.

The size of the indirect market in the UK alone is £30+ billion and there is significant investor demand for more indirect vehicles of a similar nature.