Cogency Fund of Hedge Fund Insight was built from the ground up as a accounting system for fund of funds, and is filled with features that make it fit their operations like a glove:
- Forward ripple of back-dated changes – The FOHF workflow is always running multiple open months. Automated ‘ripple’ ensures that back-dated changes ripple forward updating subsequent transaction amounts, quantities or prices as needed.
- Manager return propagation – Manager returns apply to all lots, share classes and series until they provide returns at a more granular level.
- Valuation of hedge fund positions – Weekly estimates, month end estimates and month end finals, and prior period adjustments, model the way hedge fund managers report their results to fund of funds.
- Dynamic hierarchy of internal funds - Internal trades, such as a feeder fund investing into a master fund, create linked transactions that always stay in sync as prior month-end values get finalized. This allows for accurate and complex internal fund structures that can be as dynamic as your business requires.
- Complex transaction types – Portfolio, investor and internal investment transactions may be of types such as transfers, assignments, rebalancing, series-rollups, dividends, equalization conversions.
- Beyond accounting – In addition to accounting tailored to funds of hedge funds, Fund Administrators using Cogency build a stronger relationship with their clients by providing them with Cogency's Investor Relations and Portfolio Management modules. Once you have put the accounting in place, it is simple to add portfolio liquidity and exposure analysis, investor reporting, manager due diligence tracking, and more, all fully integrated with the accounting data.
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