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 40 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 40 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 and 2018, as ranked by Hedge Fund Alert. The list ranks the top CPA firms by the number of SEC registered hedge funds audited. Now ranked in the top 15, Richey May’s Alternative Investments niche practice moved up four positions since last year, surpassing other national firms. In addition to the hundreds of other funds served by Richey May, the firm added 13 SEC registered clients since the last reporting period. 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 July 2018, Richey May was also ranked by Convergence as a top 15 Private Fund Auditor. Richey May outperformed the market and the average growth rate of our peer group, moving up from #20 in 2017 by adding 92 new funds.

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

    Fair Value of Real Estate Assets

    Our recent white paper explored new benefits resulting from the 2017 tax reform bill to cash out unrealized gains and put them to work within certain low-income areas (called Opportunity Zones) while deferring taxes until December 31, 2026. This follow up white paper provides an overview of techniques for measuring the fair value of these real estate assets under U.S. GAAP.

     

    Read More

  • Navigating Tax Regulations Around Cryptocurrencies

    In October 2018, Richey May’s Eric Essian discussed the challenging tax regulations around cryptocurrency trading at Hedge Connection’s Global Fund Forum. If you were unable to make it to the Global Fund Forum, listen to his explanation below:

     

    Watch the Recording

  • Welcome to the Land of OZ: Tax Benefits of Investing in a Qualified Opportunity Zone Fund

    On October 19th the IRS Department of Treasury released proposed regulations related to investing in Opportunity Zones (“OZ”) or Qualified Opportunity Funds (“QOF”), providing additional guidance for funds and taxpayers. Our Alternative Investment Tax Experts have developed the following white paper that includes information from the recently released proposed regulations related to the new section 1400Z-2 of the Internal Revenue Code:

     

    Read More

  • Webinar:  The Guide to Being Pitch(Book) Perfect

    In June 2018, Richey May hosted a webinar where the experts from ImageArb discussed the best practices for fund managers in creating a compelling written presentation to help in their capital raising efforts. Topics included: the goal of any pitchbook, rules of thumb for length and content, mistakes to avoid, and the importance of graphic design.

     

    Watch the Recording

  • Richey May Included on 2018 list of Top Auditors of Hedge Funds

    Richey May & Co, LLP is pleased to announce our inclusion on the 2018 list of Top Auditors of Hedge Funds by Hedge Fund Alert. The list ranks the top CPA firms by the number of SEC registered hedge funds audited. Now ranked in the top 15, Richey May’s Alternative Investments niche practice moved up four positions since last year, surpassing other national firms. In addition to the hundreds of other funds served by Richey May, the firm added 13 SEC registered clients since the last reporting period.

     

    To view the 2018 list of Top Auditors of Hedge Funds, visit the Hedge Fund Alert website at https://www.hfalert.com/rankings/rankings.pl?Q=115.

     

  • The Custody Rule

    The majority of advisers to Pooled Investment Vehicles that operate on a calendar year recently passed a significant deadline on April 30. If you have missed the 4/30 deadline, you still have options. Read the following article to learn more about the Custody Rule, the surprise exam requirements, and what to do if you haven’t yet met your obligations: 

     

    Download the PDF

     

  • Statement on Potentially Unlawful Online Platforms for Trading Digital Assets

    The SEC recently released a statement on potentially unlawful online platforms for trading digital assets. Hedge fund managers and private equity firms that trade in cryptocurrencies or Initial Coin Offerings (ICOs) should pay attention to this statement when evaluating their trading strategy in the coming year. The experts at Richey May have reviewed the statement and highlighted those considerations of particular importance to Registered Investment Advisors managing pooled investment vehicles and separately managed accounts to prevent against fraudulent and manipulative trading practices.

     

    Read Richey May’s Summary

     

  • Richey May Ranked 8th Fastest-Growing Firm by Accounting Today

    Richey May is honored to be ranked 8th on Accounting Today’s list of Fastest-Growing Firms in the U.S., up from 15th in 2017! It has been another year of tremendous growth and opportunity and we are looking forward to more this year.

     

    See the full Accounting Today Fastest-Growing Firms list here.

  • 2018 SEC Examination Priorities

    The SEC recently announced its 2018 examination priorities. The experts at Richey May have summarized the priorities that we believe are of particular importance to Registered Investment Advisors, managing pooled investment vehicles and separately managed accounts, as well as broker-dealers.

     

    Learn More

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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