All fund accounting processes are fully automated and integrated on a single technology platform. Elements of portfolio accounting are:

• Upload of daily trading activity from manager and/or prime broker
• Reconciliation of cash balances and positions with prime broker(s)
• Independent pricing of the investment portfolio
• Processing of corporate actions, such as dividends and stock splits
• Calculation of interest on interest-bearing securities
• Calculation of performance fees in accordance with fund documents:
• Multi-series share method
• Equalization method
• Calculation of management fees in accordance with fund documents
• Calculation of other fees, including administration, legal, audit, custody and other fees
• Daily, weekly and monthly net asset value calculations
• Coordinate and assist with annual audit
• Income allocation and tax return preparation
• Varied fund structures:
• Unitized limited partnership
• US-style limited partnership
• Unit trusts
• Master-feeder structures
• Income allocation and distribution calculations for trusts
• Income allocation for partnerships

We are focused on using technology to automate many of these functions, thus allowing our employees to perform primarily exception and review functions.