Our Services

South Watch offers a wide array of hedge fund administrative services. We have helped hundreds of fund managers focus on priorities – their assets and investors – by handling everything from fund accounting and tax preparation to outsourced CFO and audit support services.

Please contact us if you have questions about our services or would like more information about how South Watch can help your business.

Benefits of South Watch Administrative Support

Efficiency

By partnering with our team, you can simplify your administrative operations. Reducing these costs appeals to investors who look for fund managers that can prioritize asset management and investor services.

Transparency

Investors increasingly rely on independent third-party administrators to verify hedge fund accounting and performance. Our independent status provides another layer of oversight and helps facilitate audits and regulatory compliance.

Stability

We go beyond simple back office administrative support. With 70 years of experience in the hedge fund industry, our team knows how to identify both potential issues and opportunities, providing another layer of security for your assets.

Fund
Administration Tax
Preparation Outsourced
CFO Shadow
Accounting Financial Statements

Previous Next

Fund Administration

We handle all the accounting, fund reporting and investor servicing for your fund, including performance calculations and valuations of investor holdings.

Transaction processing & reconciliation
Positions and cash reconciliation
Corporate action processing
Expense calculation, accrual & payment processing
Independent valuation of holdings
Preparation of monthly NAV
Preparation & distribution of investor statements
Calculation of fund performance
Investor AML/KYC

System and Organization Controls 1 (SOC 1) Type II Certified, December 31, 2021.

Tax Preparation

We record tax adjustments, calculate taxable income and allocate to fund investors while maintaining necessary documentation and submitting the required tax filings.

Calculation of taxable income
Allocation of taxable income
Completion of Form 1065 and Schedule K-1s
Completion of State tax returns
Electronic submission of forms

Outsourced CFO

Our consultants are experienced in all aspects of hedge fund operations. Increase your efficiency by shifting your accounting, bill payment and other recurring tasks to our outsourced CFO team.

Coordination of fund launch
Maintain books and records of the management company & general partner entities
Accounts payable processing
Preparation of annual IRS Form 1099s
Review monthly NAV
Preparation of operational budgets
Payroll oversight & processing
Oversee due diligence visits

Shadow Accounting

We maintain a duplicate set of books and records for your fund. Shadow accounting with a third party administrator enhances fund integrity, accuracy and transparency while alleviating the need and expense of a full internal back office team.

Detect and correct errors and inconsistencies more easily
Provides additional oversight to promote investor confidence
Review and approve NAV and distribute investor reporting faster

Financial Statement Preparation and Audit Support Services

We prepare the financial statements as well as the documentation for the annual audits. We also consult with all relevant parties and provide support services as needed.

Preparation of annual financial statements for auditor review
Preparation of annual audit package
Manage the audit process and consult with independent auditors
Facilitate delivery of financial statements to investors