Hedge funds are extremely flexible in their investment options because they use financial instruments generally beyond the reach of mutual funds, such as short selling, leverage, concentrated investments, and derivatives. This flexibility, which includes use of hedging strategies to protect downside risk, gives hedge funds the ability to best manage investment risks.

Gemini has valuable experience in the hedge fund industry and is highly qualified in assisting clients with fund administration, compliance and regulatory advisory services. We are available to provide your hedge fund the following services:

Administrative Services For Offshore Funds

1. Set up
   1. Reviewing the offering documentation
   2. Reviewing operating procedures
   3. Liaison with (local) legal counsel
   4. Preparing the administrative services agreement
2. Accounting
   1. Maintain books of account which will include but not be limited to:
      • Processing of trade-related transactions and corporate actions
      • Processing of non-trade-related transactions (cash movements, etc.)
      • Monitoring and processing of capital contributions/withdrawals
      • Daily reconciliation of cash and other balances at brokers
      • Daily reconciliation of bank accounts
      • Monthly calculation of income and expense accruals
      • Monthly calculation of management and incentive fees
      • Daily independent reconciliation of the portfolio holdings
   2. Preparation of Financial Statements, in conformity with US GAAP (Generally Accepted Accounting Principles). The Financial Statements will include:
      • Statement of Assets and Liabilities
      • Statement of Operations
      • Statement of Changes in Net Assets
      • Statement of Cash Flows (if desired) and Portfolio listings
   3. Preparation of books and records (including specific schedules and analysis) to facilitate external audit
   4. Liaison with external auditors
   5. Computation of fees as described above under a) with supporting schedules
   6. Provision of accounting or accounting-related reports and/or support schedules to the Investment Manager
3. Corporate
   1. Review legal documents
   2. Publish net asset value
4. Shareholders
   1. Maintain appropriate registers
   2. Disseminate reports
   3. Process subscriptions and redemptions

Administrative Services For Domestic Partnerships

1. Set up
   1. Assist in reviewing the offering documentation
   2. Design and/or review operating procedures
   3. Liaison with external legal counsel
   4. Prepare the administrative services agreement
2. Accounting
   1. Maintain books of account which will include but not be limited to:
      • Processing of trade-related transactions and corporate actions
      • Processing of non-trade-related transactions (cash movements, etc.)
      • Monitoring and processing of capital contributions/withdrawals
      • Daily reconciliation of cash and other balances at brokers
      • Daily reconciliation of bank accounts
      • Monthly calculation of income and expense accruals
      • Monthly calculation of management and incentive fees
      • Daily independent reconciliation of the portfolio holdings
   2. Monthly preparation of Financial Statements for Partnership in conformity with US GAAP (Generally Accepted Accounting Principles). The Financial Statements will include:
      • Statement of Assets and Liabilities
      • Statement of Operations
      • Statement of Changes in Net Assets
      • Statement of Cash Flows (if desired) and Portfolio listings
      • Partnership Allocation Schedule, including allocation of performance fee from the Limited Partners to the General Partner if applicable
   3. Maintain accounts showing the capital interest for the General Partner and the Limited Partners
   4. Preparation of books and records (including specific schedules and analysis) to facilitate external audit
   5. Liaison with external auditors
   6. Computation of fees as described above under a) with supporting schedules
   7. Provide accounting or accounting-related reports and/or support schedules to the Investment Manager
3. Tax services for US partnerships
   1. Maintain capital accounts for all partners, both on economic basis and based on US tax principles
   2. Prepare partner tax allocations using aggregate method
   3. Prepare partnership Federal tax returns and individual partner K-1
   4. Communicate with General Partner/Investment Manager
   5. Liaison with external tax advisors
4. General
   1. Review legal documents, liaison with external legal counsel and obtaining certifications
   2. General correspondence of the partnership
   3. Disburse fees and other expenses
   4. Review and monitor proper execution of documents and communicating with partners regarding contributions and/or withdrawals of Partnership interest
   5. Communicate with Partners with respect to general administrative matters
   6. Disseminate reports to Partners and third parties