Offering Advice & Services to Traders | Investors | Funds
Hedge Fund Taxes, Accounting and Administration
Our Customers Hannah and her team are experts in their field of offshore funds. The expertise and care to think ahead of all the specific issues I might have as a client are greatly appreciated. Capital Management Services Group applies a no-nonsense and straight forward business approach to a complex maze of international rules and regulations. I'm pleased to have them on my team and certainly recommend them to any professional looking for guidance in the hedge fund industry.Andre Voskuil, DutchOracle Capital Ltd. December 28, 2011
After your Hedge Fund is Launched After your hedge fund is launched, consider how you are going to handle your hedge fund's administration. We can handle the preparation of your fund level accounting and annual income tax return filings with Schedule K-1s for a low fee. Our work product includes detailed NAVs, performance records, brokerage statement reconciliation, and much more. Why not focus on what you do best and trade? Our hedge fund administration are offered ala carte, so you can choose what works for you. We offer monthly basis NAVs, performance records, brokerage statement reconciliation, advisory fee billing, etc. Call Hannah Terhune, veteran hedge fund attorney at (307) 213-4732 oremail her if you want to discuss these services. Let our staff become your hedge fund's account staff.
Hedge Fund Accounting We provide accounting for your Fund including maintenance of your Fund’s General Ledger, Trial Balance, and NAV calculations. We produce GAAP financial Statements in accordance with AICPA standards. We support all layering and aggregate allocation methods for the allocation of gains and losses among investors. Section 754 elections are available as are FIFO, LIFO or weighted average tax lot accounting methods. We track and segregate gains and losses according to tax implications for accurate year end tax calculations. General ledger is reconciled to balances and trading activity for all accounts. All types of investments are supported. This includes multi-currency reporting, recording FX gain or loss in securities both in USD and in base currency. We calculate and record management and performance fees by individual partners and/or classes including high water marks, benchmarking and hurdle rates. Full accounting and bookkeeping for the Management Company available.
Our Customers I would like to state unequivocally that I have had a completely positive experience in dealing with Capital Management Services Group. Truly, from the first phone call that I made to Capital Management, to the conference call that was arranged with Hannah Terhune, the time she took in answering all of my questions, and, finally, to the follow-up by Amy Hong. My case involved the establishment of a Forex Incubator Fund, and was thoroughly handled. Hannah Terhune responded promptly to my subsequent phone calls and Amy Hong is absolutely 100% efficient. I, certainly, plan to enlist Capital Management's services for my legal needs in the future concerning fund management. I would rate my experience and results 5 out of 5 stars! Totally satisfied, Rxxxxxx Sxxxx, September 22, 2010
CPA Prepared Hedge Fund Tax Returns Using us means there is no additional work at tax time. We use IRS approved tax lot methods for all product, investment and Fund types. We provide complete Federal and all applicable State tax returns for the Fund including detailed supporting schedules and Partner K-1s. Tax planning available. We provide tax lot matching for detailed Schedule D reporting. We prepare and file the hedge fund's U.S. tax return. We prepare investors' Schedule K-1. We prepare and file any applicable hedge fund state tax return. We prepare Form 1042 for any foreign investors in your hedge fund.
Our Customers
We would like to thank Hannah and the company for their invaluable help in forming our incubator hedge fund. They were extremely knowledgeable, efficient, and professional while working with us, and we are glad to have them as a vital resource as we grow our incubator hedge fund into a full-fledged one. Dale Angus, Golden Egg Capital Management LLC. March 28, 2012.
Hedge Fund Administration We functions as your back office and compliance department providing: Independent third party reporting to investors, prospective investors and hedge fund databases; CPA issued Compilation reporting; client servicing and independent investor report distribution; cash management controls; processing of subscriptions and unlimited year end audit support; generation of Fund Statistics with comprehensive reporting packages and start up assistance to new funds during formation.
Our Customers Hannah Terhune and her associates have provided legal advice and services to me for over a year. She provided initial guidance to help determine the kind of fund most suitable for my goals, created the legal documents that are the framework for my hedge-fund, and assisted with ADV submissions to register my company as an Investment Advisor. I continue to rely on her for ongoing compliance issues in this complex and dynamic industry. I found Ms Terhune and her associates to be extremely knowledgeable and helpful in a very responsive way, with friendly and professional manners. Overall a very good experience. Highly recommended. Marty Cawthon ChipChat Technology Group
What is hedge fund back office support? Many clients are accustomed to being a one-person business, trading from their home office. They are interested in trading for others to leverage their knowledge and make more money, but they don't want to change how they work. They don't want to have to hire accountants and secretaries, or rent an office or gain tons of paperwork. They don't want to spend their days with attorneys, accountants, consultants and business operation hassles. While a hedge fund manager may feel that he can perform all of a fund’s tasks in-house, recent hedge fund scandals demand, and new governance practices insist on, the segregation of duties. Coupled with this is the requirement for independence in operating environments and a minimization of conflicts of interest. In the event of a failure to implement these measures, investors may not invest in a particular fund. Our sister company Capital Services Group, LLC provides a full range of these services. Our virtual Web-based and e-commerce solutions take the hassle out of your trading, investment management and fund business. Our clients work from home, without any of the above-mentioned hassles. Most of our clients use our hedge fund accounting services on a monthly basis; others choose weekly, quarterly, annually or whenever they like. The work product includes NAV, performance records, brokerage statement reconciliation, advisory fee billing, performance allocation, investor changes, and other related reports.
Keep Fund Accounting Simple The hedge fund manager who has a highly complex performance allocation and expects the financials and tax returns by March 1 is tempting fate. The manager must recall that once the investor is promised something, less cannot be given. At the very least, no manager wants to go back to investors and ask them to sign amended fund documents about how the manager's own cut of the profits is determined.
CapitalManagementServicesGroup.com is recognized by discriminating fund managers and businessmen as being the foremost tax and legal authority in the business. Attorney Hannah Terhune's education and experience are unsurpassed in the area of hedge funds creation and management platforms, and the complex body of related tax laws. Ms. Terhune's extensive knowledge and experience have made her an indispensable resource for serious hedge fund and business professionals. Ms. Terhune's articles on the subjects have appeared in over 100 publications worldwide. Chances are, if you have read about the above matters, Ms. Terhune has written about them.
Give us the opportunity to use that knowledge and experience for you. We have both regulatory experience and the understanding of the foreign exchange and securities markets. We know how to navigate the compliance with rules and regulations in the United States as well as in regulated jurisdictions such as United Kingdom, Singapore, Hong Kong, Canada and the British Virgin Islands. Each client receives personalized attention from our attorneys and staff. No client is too large or small though because of our boutique size. We pride ourselves in providing personal attention to each client.
CMSG provides the best services and support needed for hedge funds and business projects. No need to coordinate work between different firms--we handle the entire business process from start to finish. We offer accounting, tax planning services, tax return preparation, business consulting, and U.S. and international company formation services. Our professionals provide the highest quality services at competitive rates. But don't take our word for it, give us a call and let us prove what we can do for you. Read our Leading Media Articles, Customer Testimonials and learn more About Us.
Personal Consultations You get answers to your specific questions by speaking directly to Hannah Terhune, an experienced hedge fund and international tax attorney. Ms. Terhune's hard-earned knowledge and experience can be put to work to save you unnecessary steps and costly wasted effort. The consult is an invaluable opportunity to speak to Hannah one-on-one, and learn how to achieve more in less time. As a result, you can anticipate that the return on your investment will far outweigh the costs associated with our unsurpassed services. Ms. Terhune's credentials reflect an invaluable resource that combines a well-informed professional practitioner with sound ethical judgment that cannot be over-estimated. The expertise required to recommend best solutions and provide sound advice should never be taken lightly. We are confident that when you are finished with your consultation, you will be impressed and more informed about your business plans than ever before. Call (307) 213-4732 or Click Here to Request Services. Our Commitment Henry David Thoreau wrote: "Do not hire a man who works for money, but him who does it for love of it." We are committed to your business plans and bringing you the best possible options. We are an established and internationally recognized business that serves and educates our clients throughout the industry. We do this by striving for the best results. Above all, we are a law firm. A lawyer is a philosopher and role model. The ability to improve our clients' lives is a privilege that we do not take lightly. There is tremendous power in being able to effect a positive change in our clients' lives. Our aim is to welcome our clients and to provide a comfortable, warm environment for all. Thanks for visiting our website. We hope to have the opportunity to serve you.
