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, 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 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

  • 2017 Tax Reform: Common Items Affecting Investment Partnership Funds & their Fund Managers

    Given the complexity of the Tax Cuts and Jobs Acts, the tax professionals at Richey May have provided the following white paper specifically for fund managers to address the decisions you should be making to best mitigate risk and take advantage of new opportunities. Learn more about how your funds, investors and management companies will be impacted by tax reform below.

     

    Download PDF

  • In-Kind Contributions: Virtual Currencies

    With the boom in virtual currencies, fund managers are finding themselves unfamiliar with the tax principles associated with these investments. The tax experts at Richey May have developed the following white paper to provide an overview of the taxation of in-kind contributions of digital currencies into pooled investment partnerships/hedge funds:

     

    Download PDF

  • 2017 Financial Statement Templates for the Alternative Investments Industry

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

     

    Download Template

  • Crypto Assets: The Hottest New Trend

    As cryptocurrencies continue to grow in value and popularity, more and more funds are jumping into this emergent asset class. Our tax and audit teams at Richey May have been involved in the crypto space for several years, and as a result, have gained valuable insight to support fund managers, particularly when it comes to audit considerations. Stephen Vlasak, Partner in the firm’s Alternative Investments Practice, was recently interviewed by Pat Mulkern, Director of Business Development at Theorem Fund Services, for an article featured in HFM’s West Coast Report. Read what Steve and other service providers have to say about cryptocurrencies and servicing this asset class:

     

    Download the PDF

     

  • Valuation: Income Tax Basis vs. US GAAP

    When reporting for investment values, fund managers need to understand the main differences between the two accounting frameworks in order to make decisions that align with their investment strategy. The audit and tax experts at Richey May & Co., LLP have developed the following white paper to provide an overview of the main differences between the income tax basis of accounting and US Generally Accepted Accounting Principles (US GAAP), as relevant to investment valuation:

     

    Download the PDF

     

  • Understanding Cryptocurrencies: Audit Considerations and Potential Regulations

    With the tremendous growth of cryptocurrencies, many questions exist about the unique challenges these assets present to both fund managers and investors. The audit and tax experts at Richey May & Co., LLP have developed the following white paper to provide an overview of digital currencies and answer some of the questions currently being asked by managers and investors:

     

    Download the PDF

     

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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