The answer is experience, skills and knowledge your accountants need to have in the fund industry. At William Nguyen Co, we offer accountancy and administration services to the hedge fund industry and fund management companies. if you appoint us, we will handle all the accountancy tasks for your fund management companies including calculate interest income, cash dividends, expenses, the Net Asset Valuation (NAV) and record the account books and maintain the financial records of your investment fund, prepare the financial reports and submit all statutory accounts to The Revenue and relevant authorities.
Moreover, it is very important for your investment fund to choose good and right fund managers accountants and advisors. We have knowledge, necessary skills and experience to deal with your accountancy records for the investment funds, process the buying and selling of the investments, calculating management fees, control and record transaction such as: interest income received, cash dividends, expenses, pricing, performance fees, do tax filing and prepare financial reports outlining the performance of your funds investment or working with your external auditors.
It was estimated that as in May 2020 the total assets held within hedge funds globally are around $2.098 trillion globally and many investors use hedge funds because they can help to reduce the correlation of their portfolios to the returns from bond and equity markets or different types of hedge fund strategies. A hedge fund is a pooled investment structure which is usually formed under a limited partnership or limited company and it is vital for hedge fund managers to choose the right advisors and accountants. William Nguyen Co is an account for fund industries and we has dealt with a number of hedge fund managers in Ireland, from advising appropriate structure entity for your hedge fund investment, showing the importance of due diligence progress and ongoing monitoring programme, calculate the Net Asset Valuation, prepare required IFRS financial statements including the statement of financial position and the statement of comprehensive income for your investment funds, we will assist you all the matters surrounding your hedge fund investment.
On the other hand, Fund management companies need to be aware and careful about how prices are calculated for the collective investment schemes (CIS), daily unit/share prices based on a pricing point ready set-in advance are needed to calculated. Significantly, fund management companies need to calculate and account for the Net Asset Valuation (NAV calculation) and the NAV cycle in order to see how your investment worth. It is also important for fund managers to include or exclude from NAV for the matters like initial or exit charges which are charged by fund managers to cover commission, other costs etc
In addition, after the 2007/08 credit crunch the regulator will regulate the Collective Investment Schemes (CISs) very carefully and NAV is under oversight of not just trustees/depositories. Any significant error in NAV needs to be reported at every other oversight and regulatory hierarchy level. If NAV calculation is outsourced, final responsibilities is still on fund managers, although responsibilities of incident reporting and materiality calculation can be agreeable between fund managers and third-party administrators. Otherwise, fund managers would be liable to compensate investors for loss suffered. All the tasks are not easy and straightforward. Hence, it requires the right expertise, administrators and accountants to deal with these above matters. William Nguyen Co are the right accountants for your investment fund because our accountants and staffs have proper qualifications and are well trained, have necessary skills to match with these jobs.
Fund managers need to have reliable and good accountants and advisors with knowledge, insight and pro-active advice at this uncertain time, we will offer good accounting services to your fund investment. In addition, we use cloud-based software Xero and relevant fund management softwares that help you to see your financial records and data at anywhere and anytime. We know how to do the work and manage your financial affairs and submit tax returns to the Revenue and you just focus on running your fund activities.
We will save you time and money, keep peace of mind. Our services are diverse business growth, personal wealth and accountancy, we will discuss your accounting and advisory concerns surrounding your fund investment. Please email us at [email protected] or call 00353899828957 to chat and discuss with us.
