Fund Administration

Personalized accounting services. Industry experts.

Duquesne’s fund administration team serves all fund accounting mandates. As a full service, independent fund administrator, we offer enterprise accounting, investor servicing, and financial, tax and regulatory reporting.

Comprehensive shadow books and records

Industry best practices strongly suggest that managers maintain their own books and records, adding cost and resource challenges. When supporting a shadow accounting mandate, Duquesne operates as an extension of the client from the point of trade and for every activity thereafter, delivering a timely and accurate set of internal books.

Clients for whom we serve as a customized shadow books and records, have access to the same team of seasoned CPAs and receive the same level of rigor as those whom we serve in a broader capacity.

Partnership accounting

Fund Manager, Duquesne’s proprietary partnership accounting software allows for complex fund structures, income and tax allocation, management fees and incentive allocation calculation, and reporting to fund partners and their designated contacts. We provide daily NAV estimates, monthly NAV statements, and fund operational overviews.

Full spectrum of fund administration services

Independent NAV
  • Comprehensive books and records
  • Monthly reconciliation of positions and cash
  • Independent month-end investment valuation
  • Valuation committee participation
  • P&L allocation and fees calculation
  • Calculation of monthly NAV
  • Transparency reporting
Audit and Regulatory
  • Fund document review
  • Collaboration with independent auditors and third-party administrators
  • Pro-forma financial statement preparation
  • Investment leveling assistance under ASC 820
  • Preparation of quarterly ASC 740
  • Reporting for regulatory compliance and investor requirements
  • Proprietary tax allocation in Fund Manager
  • Tax return preparation support
  • Preparation of near real-time partner tax estimates
  • K-1 preparation assistance
  • FBAR preparation assistance
  • PFIC preparation assistance
Investor Services
  • Partnership accounting
  • Preparation and distribution of near real-time estimated investor statements
  • Investor queries and due diligence support
  • KYC and AML compliance assistance
  • FATCA and CRS compliance assistance
  • Management of subscriptions and redemptions
  • Exception reporting to Board of Directors
  • All asset class support (including fund of funds)
  • Books and records integration with Third Party Administrator
  • Legal and accounting bill review and oversight
  • Management company bookkeeping, audit and tax assistance
  • Soft-dollar administration
  • Client payroll processing

Fund Operations

Duquesne provides expert guidance to strategically diverse clients at every stage of the investment life cycle.