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Outsourced CFO Services :

Judd Vollbrecht, the managing director at Opis, leads the outsourced CFO practice. See Bio

Internal Controls:

  • We create an estimated NAV every month (usually within 3 business days) by referencing prime broker reports and other internal fund reporting. We use our estimated NAV to generate preliminary performance returns and also to use as a first check against your administratorís NAV.
  • We review the monthly accounting package sent to you by your administrator. We will act as your representative in resolving issues, supplying supporting documentation, correcting errors, and streamlining the process to make it as efficient and accurate as possible.
  • We help you set up an internal cash reconciliation to make sure that all of your trades are booked correctly. This will also act as an additional control to limit the potential for fraud or other irregularities within your organization.
  • We help you create your fundís valuation policy. We have experience with numerous strategies and can help you create a policy that produces accurate valuations on a consistent basis.
  • We will be available to assist you in setting up other specific internal controls within your organization.

Marketing:

  • We compile performance statistics for your fund. This will include your industry standard track record as well as other customized performance metrics. We will also compile other market benchmark returns for your reference.

  • We can help you create a presentation format for your monthly or quarterly newsletter to your investors.
  • We have seen marketing materials from many different funds and fund strategies and will be available to give you our input on your marketing material.
  • Judd Vollbrecht will be available to meet or talk on the phone with potential investors or related parties.

Technical Issues:

  • We will be on call during the year to assist you with any technical issues that may arise.
  • We have extensive experience in hedge fund taxation and can help you make your investment strategy as tax efficient as possible. You will have access to our advice on specific transactions as well as on more general planning situations.
  • We have extensive experience in hedge fund accounting in accordance with generally accepted accounting principles. We work with you to insure that your accounting complies with GAAP and help you resolve any issues that may arise.
  • We have experience with numerous fund structures and strategies. We will work with you in your start up phase (and throughout the life of the fund) to help you choose and maintain the right structure, jurisdiction, and taxation alternatives and elections for your fund.

Back Office/ Clerical Services:

  • We have the ability to prepare the tax returns for your management company and general partner entities.
  • We can help you with the bookkeeping for your management company and general partner entities.
  • We can assist you in dealing with due diligence requests from prospective investors and other related parties.
  • You will have full access to our clerical staff to assist you at your convenience.

Year End Process:

  • We offer a full range of tax services. See Tax Services
  • We will draft your audit report including your schedule of investments and all footnotes required under general accepted accounting principles.
  • We will work with your administrator to create a set of year end workpapers to send you your auditor.
  • We will act on your behalf to make the year end process as efficient as possible.