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Updated by Adavanced Fund Administration on Sep 26, 2019
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AFA Services

Advanced Fund Administration provides cost effective solutions to all types of hedge fund & private equity fund structures and investment strategies in the Cayman Islands.

Source: http://www.advancedfundadministration.com/

1

Fund Administration

At AFA our goal is to help clients navigate the process of efficiently structuring their fund from the outset. For both onshore and offshore funds, our team of highly experienced professionals, including attorneys and certified accountants, provide direction on the comparative advantages of the most complex legal and fiscal structures along with assistance in developing new structures to fit investor specific needs.

AFA provides a comprehensive and cost effective fund administration solution for our clients. AFA operates on a fully integrated accounting/reporting platform to deliver robust and transparent reporting to fund managers and investors. All of our fund accountants are either CPAs or Charted Accountants, having prior work experience with audit firms and fund administration firms serving the alternative investment industry.

Source Link : http://www.advancedfundadministration.com/services/fund-administration

2

OFFSHORE AND ONSHORE LEGAL SERVICES PROVIDER IN CAYMAN ISLANDS

AFA Legal Resources (Cayman) Ltd. (“AFA Legal”) serves a diverse, international client base providing general advisory services, advice on structuring vehicles (including companies, SPVs, SPCs, partnerships and trusts), liquidating entities, providing legal opinions, and offering post launch legal advisory services. 

AFA Legal services include the following four main practice areas:

- Investment funds

- Liquidation services

- Private client and trusts

- Corporate commercial

Source link : http://www.advancedfundadministration.com/offshore-and-onshore-legal-services-provider-in-cayman-islands

3

Compliance Services

AFA understands the constantly evolving regulatory environment within the financial services industry, and the need for a robust compliance program. AFA has partnered with an industry leading compliance firm to offer outsourced compliance solutions customized to focus on risk detection for established companies, while designing critical compliance programs for start-up firms.

AFA’s Outsourced Compliance Solutions focus on the following key risk areas:

  • Outsourced Compliance Program
  • Fund Registration and Launch
  • Regulatory Filings – FINRA, NFA, and SEC
  • Regulatory Examination Preparation and Management
  • Audit and Testing
    • Annual Compliance Program Audits
    • Targeted Policy Audits

Source link : http://www.advancedfundadministration.com/compliance-services-provider-in-cayman-islands

4

Liquidation Services in Cayman Islands

AFA Legal has vast experience in liquidating all types of Cayman Islands vehicles. We can assist with the striking off of an entity from the active Register of Companies, or act as liquidator on a voluntary liquidation and winding up of a Cayman company or Fund. Fees will be determined on a case by case basis. The average lead time to strike a Cayman entity will be around 3 to 5 business days. A voluntary liquidation is more protractive and may take several months to be dissolved once final creditors and final meeting of members have been held, and final accounts of the defunct entity have been presented and approved at such meetings.

Source link : http://www.advancedfundadministration.com/services/liquidation-services-in-cayman-islands

5

ADVISORY SERVICES FOR FUND MANAGERS IN CAYMAN ISLANDS

AFA Advisory Services provides a specific set of deliverables to managers of early stage hedge funds and private equity funds, as well as established fund managers who seek to increase Fund assets under management through development of an institutional grade product. AFA partners with its advisory clients to design the necessary marketing collateral and develop a detailed roadmap to navigate the various stages of fund raising. AFA’s formula is simple: Assess, Advise, and Achieve. Following are the key components of AFA Advisory Services:

Provide assistance to Fund Managers in the preparation of various marketing related materials.

  • Business Plan development
  • Pitch Book development
  • Tear Sheet creation
  • Due Diligence Questionnaire completion
  • Investor Newsletter
  • Website Design
  • Capital Introduction opportunities (where appropriate)
  • Insurance products via Lloyds of London (D&O, Key Man, Buy/Sell Agreements, etc.)
  • Outsourced solutions for CFO/Risk/Compliance/Technology

Source link : http://www.advancedfundadministration.com/advisory-services-for-fund-managers-in-cayman-islands

6

Director Services

Director Services

Good corporate governance standards are necessary and desirable for Investment Advisors, fund sponsors and all service providers to investment funds, to ensure that investors' interests are considered and protected throughout the life cycle of the fund.

AFA Legal Services offers experienced professionals, who are conversant with the alternative investment funds industry, to act as Directors of offshore domiciled funds, in the Cayman Islands, Bermuda and BVI.

Our Directors serve on the boards of some of the most complex and diverse fund structures in the industry, where they bring their experience to bear in exercising their fiduciary duties to the funds and the shareholders as a whole. Through support from AFA's Corporate Services team, AFA Directors will add an extra dimension to your offshore funds' governance standards.

Our state of the art conference facilities will be made available to the Board for the conduct of regular Board meetings at our offices in the Cayman Islands.

  • Serve in a directorship capacity to hedge and private equity fund Board of Directors
  • Provide assistance with the appointment of Fund Board of Directors

Source link : http://www.advancedfundadministration.com/services/directorship-services-for-cayman-islands-companies

7

Accounting Services For Fund Managers In Cayman Islands

Accounting Services For Fund Managers In Cayman Islands

AFA is a SSAE 16 II compliant fund administrator offering a comprehensive and cost effective solution to hedge fund managers, remaining flexible in providing fund administration services to address varying client needs. With offices in the Cayman Islands and United States, our expertise services all types of hedge fund structures and investment instruments including Arbitrage, Emerging Markets, Event Driven, Fixed Income, Fund of Hedge Funds, Futures and Options, Global Macro, Long/Short Equity, Venture Capital, Real Estate, Life Settlements, Market Neutral, Multi-Strategy, PIPEs, Distressed Debt, Loans, etc. A critical factor separating AFA from other fund administrators is our extensive knowledge of the hedge fund industry and our commitment to fully understand a fund’s structure and investment strategy, while ensuring the governing fund documents properly reflect these economics prior to the commencement of operations.

Our Accounting Services

  • Generation of NAV package on periodic (monthly, quarterly, etc.) which includes details about portfolio holdings, profit and loss, account balances, and performance
  • Position and Cash reconciliation with all custodians, prime brokers, and counterparties

Source link : http://www.advancedfundadministration.com/services/accounting-services-for-fund-managers-in-cayman-islands

8

Compliance Services Provider in Cayman Islands

Compliance Services Provider in Cayman Islands

AFA understands the constantly evolving regulatory environment within the financial services industry, and the need for a robust compliance program. AFA has partnered with an industry leading compliance firm to offer outsourced compliance solutions customized to focus on risk detection for established companies, while designing critical compliance programs for start-up firms.

AFA’s Outsourced Compliance professionals leverage a wide range of industry expertise including top tier banks, broker dealers, prime brokers, hedge funds, and private equity firms. Regulatory compliance services are designed to support Financial Services firms, as well as specific instruments (e.g. equity and debt instruments, options, swaps, futures, and derivatives), as well as providing technology support for vendor systems including various trade management platforms, to ensure internal controls are designed properly to identify regulatory compliance risks.

Source link : http://www.advancedfundadministration.com/compliance-services-provider-in-cayman-islands

10

Offering Services To Service Providers Within Financial Industry In Cayman Islands

Offering Services To Service Providers Within Financial Industry In Cayman Islands

Advanced Fund Administration takes great care in fostering productive relationships with all other service providers within the Financial Services Industry. At AFA, we partner with Prime Brokers, Audit Firms, Custodians and Law Firms, to provide sound advice and a first class service offering to our clients.

Through our Audit Assistance service, we facilitate the timely and accurate completion of the preparation of Funds’ Annual Financial Statements to ensure any relevant regulatory filing deadlines are met by both Investors and the Fund. In many cases, AFA’s contribution leads to significant reductions in Audit Fees, which increases the value of Investors’ holdings.

AFA is committed to ensuring the contribution we make in conjunction with other service providers will benefit both the Advisor and their clients

Source link : http://www.advancedfundadministration.com/services/offering-services-to-service-providers-within-financial-industry-in-cayman-islands

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Hedge Fund Administration Services In Cayman Islands

Hedge Fund Administration Services In Cayman Islands

Advanced Fund Administration’s commitment to state-of-the-art technology is what sets us apart from other fund administrators. We constantly evaluate new products to provide our clients with the very best service we can offer. The cornerstone of AFA’s fund administration offering is a fully integrated accounting platform to include SunGard (VPM & Investier) and Paxus, allowing AFA to service hedge funds, private equity funds, fund of funds and hybrid hedge/PE funds. Both VPM and Paxus are comprehensive, multi-currency, and fully integrated investment management solutions that support all aspects of fund portfolio management. With a true General Ledger tightly integrated at the core of the system, VPM and Paxus store investment activity to provide a complete audit trail for efficient drill down analysis, and proper auditing and reporting. VPM and Paxus provide firms with accurate information, transparency and foresight into a fund’s performance. SunGard Investier serves assists with the fee calculations, investor allocations, financial and account statement generation, and other reporting functionality.

AFA is a SSAE 16 Type II compliant fund administrator offering a comprehensive and cost effective solution to hedge fund managers, remaining flexible in providing fund administration services to address varying client needs.

Source link : http://www.advancedfundadministration.com/services/hedge-funds-administration-services-in-cayman-islands

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Shadow Fund Accounting And Shadow Investor Services Provider In Cayman Islands

Shadow Fund Accounting And Shadow Investor Services Provider In Cayman Islands

Following the 2008 financial crisis, coupled with the Madoff scandal as well as the failure/insolvency of several financial service firms, and with increasing regulations and investor demands for transparency, engaging a third party to “shadow” your fund’s administrator has become an industry norm.

As investment managers look to strengthen their middle and back office operations, they realize the benefits of partnering with administrators like AFA who are SOC I compliant and have the expertise in trade capture, reconciliation, and price verification to ensure fund data is complete and accurate. As a result, shadow accounting is growing in popularity as investment managers offer their clients the additional level of comfort that an outside firm is verifying their portfolio reporting.

AFA has implemented a solution to capture, reconcile and verify the pricing of portfolios so as to “shadow” the investment manager’s own back office reporting, while offering an important independent check for investors. Responsibility for accurate valuation reporting remains with the investment manager, but the addition of this “shadow” role when performed by AFA provides a greater level of comfort for investors.

Source link : http://www.advancedfundadministration.com/services/shadow-fund-accounting-services-and-shadow-investor-services-provider-in-cayman-islands

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FINANCIAL SERVICES FOR BUSINESS SECTOR IN CAYMAN ISLANDS

FINANCIAL SERVICES FOR BUSINESS SECTOR IN CAYMAN ISLANDS

AFA’s experience and knowledge of the alternative investment industry, coupled with a robust accounting and reporting engine, provides comprehensive and transparent reporting to Asset Managers and Investors. AFA recognizes that Asset Managers require transparent reporting to analyze and manage their portfolios, while understanding that disclosure and transparency are crucial to investors. For managed accounts, AFA’s service offering combines portfolio capture and position monitoring with middle and back office operations support.

Source link : http://www.advancedfundadministration.com/financial-services-for-business-sector-in-cayman-islands

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Directorship Services For Cayman Islands Companies

Directorship Services For Cayman Islands Companies

Good corporate governance standards are necessary and desirable for Investment Advisors, fund sponsors and all service providers to investment funds, to ensure that investors' interests are considered and protected throughout the life cycle of the fund.

AFA Legal Services offers experienced professionals, who are conversant with the alternative investment funds industry, to act as Directors of offshore domiciled funds, in the Cayman Islands, Bermuda and BVI.

Our Directors serve on the boards of some of the most complex and diverse fund structures in the industry, where they bring their experience to bear in exercising their fiduciary duties to the funds and the shareholders as a whole. Through support from AFA's Corporate Services team, AFA Directors will add an extra dimension to your offshore funds' governance standards.

Our state of the art conference facilities will be made available to the Board for the conduct of regular Board meetings at our offices in the Cayman Islands.

  • Serve in a directorship capacity to hedge and private equity fund Board of Directors
  • Provide assistance with the appointment of Fund Board of Directors

Source link : http://www.advancedfundadministration.com/services/directorship-services-for-cayman-islands-companies