Alternative Investments

Alternative Investments

Personalized service backed by over 30 years of financial services experience

 

As a public accounting firm with hundreds of Alternative Investment clients in over 38 states, and relationships with many of the top service providers and specialists in the country, Richey May has a depth of specialized knowledge that few firms can claim. Our team combines the dedicated expertise found in a national accounting firm with the hands-on approach to client service you’d expect from a boutique provider – a unique model that allows us to bring expert solutions and strategies to your specific business needs.

National Client Representation

We serve alternative investment clients that range in size from $1M to $4.2B in over 38 states. We work with funds utilizing a wide variety of strategies, including, but not limited to, the following: arbitrage, ABS, catastrophic bonds, convertible arbitrage, cryptocurrency, currency, day trading, derivative funds of funds, distressed debt, emerging markets, energy trading, event driven, fixed income, foreign currency, global macro, funds of funds, high yield, long/short, merger arbitrage, mortgage backed securities, reinsurance, risk arbitrage, situational, and structured finance.

 

Types of Entities We Work With

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National Recognition

Richey May is included among the Top Auditors of Hedge Funds in 2017, as ranked by Hedge Fund Alert. The list ranks the top 20 CPA firms by the number of SEC registered hedge funds audited. The rapid growth of Richey May’s Alternative Investments niche practice represents the largest organic increase in 2017 among CPA firms outside of the Big 4 firms. In addition to the hundreds of other funds served by Richey May, the firm added 25 SEC registered clients since the 2016 reporting period.

Senior Leadership

Our alternative investment team is comprised of top industry audit and tax experts in the alternative investment field who have worked on hundreds of funds in their respective careers and can provide a level of quality, customer service and expertise that few other firms are capable of matching.

 

The following partners lead our practice, supported by a deep roster of skilled alternative investment professionals and a firm of over 100 employees and 13 partners:

 

Danny O'Connor-square web

Daniel O’Connor

Assurance Partner
Alternative Investments Practice Leader

Steve Vlasak-square web

Stephen Vlasak

Business Development
Partner, Alternative Investments Practice

 

For background information on additional senior experts in our alternative investment practice, please visit the Team page of our website.

Resources

Richey May is committed to staying on top of current trends and hot topics within your industry. As part of that commitment, we offer a number of resources to help our clients stay ahead of the competition.

  • Richey May Articles

    Considerations for IRA Investment into Fund Structures

    Retirement savings accounts currently hold over $27 trillion in assets, but alternative asset managers have not typically had access to these funds. The following whitepaper, written together with Madison Trust Company, outlines the opportunities available within Self-Directed IRAs for alternative asset managers looking to increase AUM, along with guidance and legal issues.

     

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  • Richey May Articles

    Financial Statement Templates

    Richey May has designed pro forma financial statement templates for use as a reference for your hedge, private equity, or venture fund.

     

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  • Common Challenges in Fund Valuations Under GAAP

    On September 7, 2016, Richey May hosted a complimentary webinar that discussed common challenges in private equity, hedge fund and venture fund valuations under GAAP. This webinar featured experts Josh Cashman and Russ Williams from Intrinsic. Topics included: primary valuation approaches: determining enterprise equity and value; complex capital structures: determining price per share (unit); SEC valuation issues, and valuation from an auditor’s perspective.

     

    Watch the recording

  • 2016 SEC Examination Priorities

    Earlier this year, the SEC announced its Office of Compliance Inspections and Examinations’ (OCIE) 2016 priorities. Hedge fund and mutual fund managers, private equity firms and broker-dealers should pay particular attention to these priorities when evaluating their own compliance programs in the coming year.

     

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  • Richey May Events

    Capital Raising Event: January 27, 2016

    Richey May is pleased to host the Music City Alternative Investments Summit on Wednesday, January 27th 2016 in Nashville, Tennessee. This event, held in conjunction with Convergex, Hedge Connection, Ikonic Fund Services, and Kilpatrick Townsend, will feature an informative panel discussion on capital raising held from the perspective of investors, fund managers and service providers. The evening will conclude with a cocktail reception to network with fellow attendees.

     

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  • Proposed AML Regulations for Investment Advisers

    The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently proposed new regulations that would require certain investment advisers to establish anti-money laundering (AML) programs and report suspicious activity to FinCEN under the Bank Secrecy Act (BSA). Other financial institutions are currently subject to the BSA, including mutual funds, broker-dealers in securities, banks and insurance companies. As proposed, all SEC-registered investment advisers would also be required to comply. If you are an investment adviser with current AML policies and procedures, you can stay apprised of these proposed regulations to determine what, if any, enhancements or changes you may need to adopt to ensure compliance.

     

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  • HFSB Releases Cyber Security Memo

    The Hedge Fund Standards Board (HFSB) recently released a memo concerning cyber security and how firms should be addressing this critical concern in our increasingly digital environment. Not only should you be protecting your firm’s key digital assets from attack, but it’s important to be aware that regulators are also starting to pay attention to how equipped funds are to counter potential cybercrime.

     

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  • Marketing Opportunities for Alternative Investment Managers

    Richey May hosted a complimentary webinar for Alternative Investment Managers that discussed communication best practices and traps to avoid as well as tips on how to meet investors more efficiently. The webinar featured industry experts Holly Singer, President of HS Marketing and Lisa Vioni, CEO and Co-Founder of Hedge Connection.

     

    View Webinar

  • Using Performance Exams as Part of Your Pitch Book Strategy

    Performance exams have become standard practice for investment managers considering launching a private fund structure, says Erik Edson, Senior Audit Manager with Richey May & Co, LLP. In a performance exam, a public accounting firm signs off on the past performance history and issues an opinion on the performance in order to legitimize the trading strategy’s performance numbers – thereby building credibility and persuading potential investors. And when it comes time to present these reviewed performance numbers within a pitch book, Holly Singer, President with HS Marketing, LLC, has some common traps to avoid that inhibit effective communication with potential investors.

     

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Industry Services

  • Audits, reviews, compilations, agreed upon procedures and other assurance services
  • Initial fund structuring and consulting
  • Federal and state tax returns
  • Management company/general partner tax returns
  • Individual tax returns
  • Tax estimates
  • Valuation consulting
  • Surprise exams
  • Fund document reviews
  • Performance examinations
  • Offshore Cayman filing requirement (FAR form) assistance

 

To speak to one of our industry experts, fill out the form and we will be in contact shortly.

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