Affinity Fund Services LLC was founded to safeguard fund managers and investors, foster the growth of asset management firms, and contribute to the flourishing of the financial industry.
We accomplish our mission by overseeing all financial accounting and reporting for your hedge fund:
Prepare and maintain accounting books and records, review broker and bank transactions, prepare trial balance and partners allocations spreadsheet, calculate management fee and performance fee, reconcile NAV with custodian, record investment income and expense, prepare and maintain expense accrual and payables accounts. Paper financial statements in accordance with US GAAP and individual partner capital account statements.
Provide full set of auditable work papers, work with external audit firm to facilitate the annual audits, including to responding to audit inquiries.
We prepare quarterly condensed schedule of investment schedules tailored for California licensed investment advisors, generate investor account statements, and address inquiries from investors regarding their individual accounts. Additionally, we connect emerging hedge fund managers with various key players in the hedge fund industry. and leverage our expertise to streamline the start-up process.