Hedge Funds - Understanding the Specifics of Accounting and Custody

The objective of this module is to provide the participant with an applied understanding of the specificities of hedge fund accounting and custody. The module guides the participant through various perspectives including: investors, trade processing, accounting and reporting. This module covers the following topics:

Trade Processing

• Custodians
• Prime brokers
• Records & reconciliation

Portfolio Accounting

• Leverage
• Derivatives
• Collateral
• Financial reporting

Investor Accounting

• Performance fees & equalization
• Gates & side pockets

Regulation

• AIFMD, UCITS IV & V

Valuation issues

• Valuation under AIFMD
• Fair value
• Governance

• Investors’ issues
  • Side pockets
  • Gates
  • Performance fee equalisation
• Trade processing
  • Prime brokers
  • Financing & leveraging
  • Collateral
• Valuation & accounting
  • Instruments’ valuation
• Key regulatory issues
  • IFRS (related to the valuation of the Hedge Funds)
  • NewCITS
  • AIFMD