Have you scaled back your middle+back office operations during the financial crisis, but now need additional resources to accommodate your growing business? 

Look no further.  

With Core Fund Solutions you can outsource part or all of your operations today!

"We have been more than pleased with Core Fund Solutions' results thus far. Their work is punctual, accurate and professional... zero mistakes and never had to wait for anything... We choose Core Fund Solutions among the other options for administartor because Core Fund Solutions demonstrate the most detailed knowledge of the mechanics of its work. Angie was able to perfectly explain how each irregular scenario we brought up would be handled, and that gave us comfort. We would strongly recommend Core Fund Solutions as a fund administrator for  anyone."

“Angie and her team at Core Fund Solutions helped OBI Capital with more than NAV services. Core Fund Solutions went beyond the call of duty to solve all of our accounting needs in a timely manner and at a reasonable price. Core Fund Solutions has solid Advent fund accounting systems, a deep experience base, and a great attitude.” 

"Our internal resources were devoted to research, marketing, and daily operations, leaving a significant need to obtain outsourced accounting and operations oversight. We found the services and counsel of Core Fund Solutions to be incredibly valuable in a number of ways: - quarterly reporting was accurate and timely. Angie helped our firm streamline reporting to minimize the demands on our limited staff. - Angie counseled us on areas outside of the fund accounting, including compliance and operations. Her counsel allowed us to address potential weaknesses in each of these areas. - Angie interfaced with our auditor and attorney as an advocate for our firm and with a level of expertise that we did not possess internally.  I highly recommend the services of Angie Kim and Core Fund Solutions, LLC."    

 

 

 

 

 

Resources

We have put together definitions and analytical ratios relating to alternative investment industry.  We hope you find them useful.  These are not a comprehensive by any means but to provide a broad and general understanding of the terms.  Please email us if you would like to add any additional terms and definitions.

 

High water marks
A high water mark is often applied to a performance fee calculation. This means that the manager receives performance fees only on increases in the net asset value (NAV) of the fund in excess of the highest net asset value it has previously achieved. For example, if a fund were launched at a NAV per share of $100, which then rose to $120 in its first year, a performance fee would be payable on the $20 return for each share. If the next year it dropped to $110, no fee is payable. If in the third year the NAV per share rises to $130, a performance fee will be payable only on the $10 return from $120 (the high water mark) to $130, rather than on the full return during that year from $110 to $130. (wiki)

Hurdle Rates
Some managers specify a hurdle rate, signifying that they will not charge a performance fee until the fund's annualized performance exceeds a benchmark rate, such as T-Bill yield, LIBOR or a fixed percentage.[2] This links performance fees to the ability of the manager to provide a higher return than an alternative, usually lower risk, investment.

With a "soft" hurdle, a performance fee is charged on the entire annualized return if the hurdle rate is cleared. With a "hard" hurdle, a performance fee is only charged on returns above the hurdle rate. (wiki)

Accredited Investor
An accredited investor is an individual who can enter into a hedge fund due to his or her financial standing. An investor is considered accredited if he or she meets any of the following criteria:
 

  • Has a net worth of more than $1million, owned alone or jointly with a spouse
  • Has earned $200,000 in each of the past two years
  • Has earned $300,000 in each of the past two years when combined with a spouse
  • Has a reasonable expectation of making the same amount in the future