Have a virtual partner and work with a former RIA and hedge fund manager that knows what hedge fund managers want and need regarding every aspect of the business.
It can be this simple with Hedge Fund Protector, LLC; just manage money, and have somebody else that works like a partner with a vested interest in the success of your fund handle everything else in a cost effective and efficient manner which promotes the growth of your fund.
Here are some examples of HFP's innovative philosophy of
"Just manage money, and we take care of the rest."
Hedge Fund Formation
Administration
Filings (Federal and State)
Compliance
Tax Returns
Customer Service
Record Keeping
Investor Statements
Capital Introduction
Regulatory Audit Representation
and other hedge fund services which set HFP apart from the rest of the industry.
We specialize in start ups, so there is no minimum fund size, or minimum cost. Yes, you read that correctly; it isn't a typo. We work on a certain percentage of assets under management to keep fund expenses low, so expenses don't eat into returns.
When a fund starts and it's small; HFP provides a way that you can get these professional services, and the arms length independent 3rd party administration that investors demand for their protection, transparency, and verification of results. Not only does this give your fund credibility, but it also helps attract investors. It now becomes feasible for a fund to have administrative services provided by HFP which would have only been thought to be affordable for large funds.
Keep in mind that since no other administrators in the industry work on this type compensation structure where no minimums are required; HFP will work with you regarding this cost structure as long as you can prove that you can make money in the markets and have good risk management. We bet on the jockey not on the horse. The goal is to work with your fund and take you from zero to hero. We're firm believers in promoting the concept of a "win-win" situation for all involved.
As your fund produces positive returns with good risk management we can work with prior established contacts that are known to be accredited investors and introduce them to your fund. We can also contact our network of capital introducers and coordinate their efforts to create additional prospects for your fund.
We provide legally compliant and approved capital introduction contracts for capital introducers along with compliance guidelines to follow for the management team and non-management team members pertaining to prospecting.
You tell us the name of the prospect, phone number, and email address, and we call the prospect for you to let them know that we (the administrator) will be emailing all of your documents; Private Placement Memorandum, LLC or LP Operating Agreement, Subscription Agreement, and all appropriate questionnaires, along with a cover letter we help construct, a frequently asked questions document, and examples of forms that have been filled out, so the investor has an easy example to follow.
We provide a separate email address for all correspondence for the fund along with tracking, and follow up in accordance to the Private Placement Memorandum Distribution Log that we keep for the fund to verify numbered documents, the recipient's information, when received, and verification with email correspondence if certain compliance conditions apply such as a "cooling off period."
We verify the investors paperwork for completeness, and acceptance. Should the new investor reside from a new state that the fund hasn't filed; we update the Federal exemption filing on the SEC EDGAR database and prepare the state notification filing.
We obtained the authorization from the SEC as a filer for your fund to file the funds' exemption filings and filing revisions online on the SEC EDGAR database as required. There's no charge to prepare the filings. When a fund signs an administration contract with HFP these services are included at no extra charge. Yes, you read that correctly - no extra charge to prepare the filings.
And we keep all records of correspondence
IRA's, Roth IRA's, Simples, SEP's, Keoghs, etc. We help coordinate the paperwork, compliance issues, and tax reporting for custodians which allow self-direction of retirement funds. We verify the acceptable allowances of qualified funds to keep in compliance with fund proportional allowances.
Should you decide to have a website, or information on a website regarding your fund, we will review it for compliance and advise on procedures that may need to be implemented.
We help provide advice and research on which stock/option brokerage firms might be the most suitable for the funds' style of trading/investing. On behalf of the fund we communicate with investors, prospects, capital introducers, securities firms, regulators, etc.
Including a chart comparison of year to date fund results compared to the S&P 500, Dow, and NASDAQ. Investor statements will also include a month by month comparison of fund results to the indices as well as the color coordinated year to date result comparison statements which match the colors of the year to date index comparison chart.
We believe that if a new or start up fund reports monthly that the added frequency of reporting gives an investor more confidence to add additional funds to their investment and helps encourage prospects to invest by providing this added transparency. Monthly reporting should also shorten the time frame that prospects and capital introducers need to make a determination upon the managers' skill in order to become an investor or capital introducer. We know that monthly reporting requires much more work than quarterly reporting, but since we believe that this could help with the growth of the fund it's included in the administration contract at no additional charge. Yes, you read it correctly. No additional charge. At no charge - optional but nice; we help the fund manager with a manager commentary letter which is sent with the investor statements.
Along with distributions from the management company between the agreements of management team members, and any other contracted services from the management team.
HFP (Attorney Thomas Cook - Manager) is authorized as a signatory on hedge fund accounts along with the Authorized Member of the Hedge Fund Manager of which a system is put in place by the bank which requires both approvals for the release of funds. This way the fund manager and administrator can verify that the investors funds are protected from anybody running off with them.
Any time money is transferred from any hedge fund bank accounts; the date, the amount, to whom, the purpose, and where the transaction is documented is recorded. This is also done for the management LLC, and for fund expenses.
Should your fund be audited by a regulatory organization (State Securities Division, SEC, etc.) HFP will provide all records, and if necessary meet with regulators to assist with the regulatory audit process.
You can have the convenience of a one stop shop to handle all of your hedge fund needs, and the comfort of knowing that a former RIA and hedge fund manager which almost worked as an auditor and investigator for the state and federal regulatory agencies which happens to be paranoid, and obsessive to the point where his nickname was "Felix" in college; guarding the safety, and integrity for you, your fund, and your investors.
Attorney Thomas Cook - Securities Attorney Specialist for over 20 years is the manager of Hedge Fund Protector, LLC which signs off and verifies results, compliance, safeguards funds, and takes responsibility for the services provided by HFP.
Securities Attorney Thomas Cook has been known throughout the hedge fund industry as many people including other attorneys have used his services and expertise to provide Attorney Opinions on hedge fund structure, setup, and documentation with regard to legalities, compliance, and reliance on proper exemptions, and or registrations if required.
We do things that the rest of the industry won't, because we're concerned about the success and growth of your business. We grow as you grow.
How important are these services to the success and profitability of your business?
Investors demand it. Hedge Fund Protector, LLC makes it happen.