Alternative Investments
From day-one fund setup to the audit and tax guidance that carries you forward, Richey May helps alternative investment managers build, scale, and protect what they’ve launched. National reach, personalized service, and expertise few firms can match.
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PERSONALIZED SERVICE, NATIONAL REACH
Backed by Over Four Decades of Financial Services Experience
Richey May provides audit, tax, client accounting, and advisory services to funds of all types and strategies both domestic and offshore. As a public accounting firm serving over 2,000 alternative investment clients nationwide, and across offshore jurisdictions including the Cayman Islands and British Virgin Islands, with relationships across many of the top service providers and specialists in the country, Richey May has a depth of specialized knowledge that few firms can claim.2000+
AI CLIENTS NATIONWIDE
$1M–$44B
AI CLIENTS NATIONWIDE
40+ yrs
INDUSTRY EXPERIENCE
We combine the dedicated expertise of a national accounting firm with the hands-on approach you’d expect from a boutique provider. This model lets us deliver expert solutions built around your fund’s specific needs, spanning assurance, tax, and advisory work. From fund setup and tax planning to audit and regulatory compliance, we have you covered.
FUND SERVICE CAPABILITIES
Every Strategy. Every Stage. Nationwide.
We serve hedge, venture capital, private equity and digital asset funds that range in size from $1M to $44B nationwide, in addition to the Cayman Islands and British Virgin Islands.
We work with funds utilizing a wide variety of strategies, including, but not limited to: 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, high yield, long/short, merger arbitrage, mortgage backed securities, real estate, reinsurance, risk arbitrage, situational, and structured finance.
Fund Services for All Stages of Growth
We can assist most types of fund entities with audit, accounting and tax services at any stage of your business. From emerging managers looking to set up a fund to veteran fund managers meeting reporting requirements or looking for new growth opportunities, our experts are ready to help.
INDUSTRY SERVICES
Initial fund structuring and consulting
Audits, reviews compilations, agreed upon procedures and other assurance services
Fund document review
Federal and state tax returns
Tax estimates
Tax planning & compliance
Performance examinations
Surprise Exams
Regulatory requirements, including Offshore Cayman filing requirement (FAR Form) assistance
Passive Foreign Investment Company (PFIC) Statements
Individual tax returns
Management company, general partner tax returns
Valuation consulting
Accounting/Bookkeeping
Cybersecurity
INDUSTRY SERVICES
Initial fund structuring and consulting
Audits, reviews compilations, agreed upon procedures and other assurance services
Fund document review
Federal and state tax returns
Tax estimates
Tax planning & compliance
Performance examinations
Surprise Exams
Regulatory requirements, including Offshore Cayman filing requirement (FAR Form) assistance
Passive Foreign Investment Company (PFIC) Statements
Individual tax returns
Management company, general partner tax returns
Valuation consulting
Accounting/Bookkeeping
Cybersecurity
Audit and Tax Services for Digital Assets
As cryptocurrency has grown in popularity and market size, various countries and jurisdictions have begun to develop regulations governing the Digital Assets industry. Our team of digital assets accounting experts can help with tax preparation, filing, audit and assurance services to help you meet your goals and grow your digital asset fund successfully. Refer to our resources below for more digital asset insights.
Beyond the Fund: Connected Expertise
Fund managers and their investors often need advisory services that extend beyond the fund structure itself. Richey May provides seamless access to specialized practices within our firm.
Family Office Advisory
Multi-generational legacy planning, estate strategy, and coordinated tax and asset management that align your fund-level decisions with your broader wealth objectives.High Net Worth Individual Services
Sophisticated tax planning, succession planning, and strategic advisory for fund managers and key investors navigating complex personal financial situations.
This integrated approach means your Richey May relationship can grow with you across all your financial advisory needs.
RM CYBER
Cybersecurity for Fund Managers
Institutional investors and allocators increasingly scrutinize cybersecurity programs during due diligence, and a single data breach can damage investor confidence and jeopardize capital raising. RM Cyber helps fund managers build and maintain security programs that meet investor expectations and regulatory requirements.
Strategic Advisory
vCISO leadership, risk assessments, and SEC compliance roadmapsProactive Testing
Penetration testing across applications, networks, and cloud environmentsContinuous Protection
Managed monitoring for investor data, portfolios, and trading systems
Client Testimonials
A Top 10 Auditor in the Investment Audit Space
Our expertise has been recognized across the industry:
Ranked in the Convergence Optimal Performance Top Fund Auditor League Table for multiple years
Ranked a Top 10 Auditor of Hedge Funds by Hedge Fund Alert in 2025, and named among the Top 15 for over a decade
Recognized by Inside Public Accounting as a Top 50 Firm and among the Fastest-Growing Firms for multiple years
Named a Top 50 Firm by Accounting Today in 2026, and a Top 100 Firm for multiple years
CAPITAL RAISING
Capital Raising Education Series
Our nine-part Capital Raising Education Series helps fund managers learn how to raise capital and launch a fund through expert guidance from Richey May’s Alternative Investments team and leading industry voices. Explore all nine sessions, covering fund structuring, marketing exemptions, investor readiness, and more.
Industry & Capital Raising Events Calendar
Stay ahead of what’s happening in the industry. Our Alternative Investments Industry & Capital Raising Events Calendar keeps fund managers informed of upcoming conferences, networking events, and key compliance deadlines – all in one easy-to-navigate, regularly updated resource.
Our Leadership
Daniel O’Connor
Managing Partner of Richey, May & Co., LLP and Alternative Investments Practice Leader
Daniel O’Connor leads Richey May’s Alternative Investments practice, focusing on highly complex financial entities including domestic and offshore hedge funds, funds of funds, REITs, broker dealers, ‘40 Act funds, and commodity pools. Danny has earned a reputation as a go-to resource for valuation of asset/ mortgage-backed securities and has co-authored numerous white papers on complex fund structures.
Stephen Vlasak
Business Development Partner, Alternative Investments
Steve Vlasak develops new client relationships and markets the firm’s audit, tax, and advisory services to hedge, private equity, venture capital, and real estate funds. He serves as a connector in the business community, providing introductions and advice that help newly launched entities grow. Steve also provides audit services backed by over 20 years of alternative investment experience.
Daniel O’Connor
Managing Partner of Richey, May & Co., LLP and Alternative Investments Practice Leader
Daniel O’Connor leads Richey May’s Alternative Investments practice, focusing on highly complex financial entities including domestic and offshore hedge funds, funds of funds, REITs, broker dealers, ‘40 Act funds, and commodity pools. Danny has earned a reputation as a go-to resource for valuation of asset/ mortgage-backed securities and has co-authored numerous white papers on complex fund structures.
Stephen Vlasak
Business Development Partner, Alternative Investments
Steve Vlasak develops new client relationships and markets the firm’s audit, tax, and advisory services to hedge, private equity, venture capital, and real estate funds. He serves as a connector in the business community, providing introductions and advice that help newly launched entities grow. Steve also provides audit services backed by over 20 years of alternative investment experience.
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.
For background information on additional senior experts in our alternative investment practice, please visit the Team page of our website.
Industry-Leading Insights & Resources
Richey May is dedicated to sharing best practices and trends in the industry to help funds stay competitive in the local and national marketplace.
Planning your year strategically starts with knowing where to be and when key deadlines fall. Our 2026...
Everything you need to know to launch a fund, from the experts. Few things in the financial world are more...
For most private funds, Regulation D provides two primary exemptions for raising capital: Rule 506(b) and...
In general, The Custody Rule (Rule 206(4)-2) requires that advisers custody funds and securities with a...
SEAFA Corporate Partner
The Southeastern Alternative Funds Association (SEAFA) is a regional 501(c)(6) trade organization dedicated to the education, interaction, and advancement of professionals engaged in the alternative investment community across the Southeastern United States.
Hedge Fund Association Membership
The Hedge Fund Association (HFA) is an International not for profit industry trade and nonpartisan lobbying organization devoted to advancing transparency, development and trust in alternative investments. HFA’s global presence spans five continents and over 14 countries.
CIMA Regulations and FAR Forms
Our Cayman Island office allows us to conduct audits of pooled investment vehicles, such as hedge funds, registered under the Cayman Island Monetary Authority (CIMA) Mutual Funds Law. This office signifies our commitment to meeting the unique needs of our alternative investment clients. Our team is very experienced with CIMA regulations, including auditor consent letters and the filing of Fund Annual Returns (FAR), which are required to be filed within six months of an entity’s fiscal year-end. The FAR form contains financial data on the registered fund, including a summary statement of financial position, which discloses changes in net assets from the beginning of the year through the end of the year. With our Cayman Island office, we are well positioned to add value to our international clients with CIMA-registered entities. We are also registered with the Cayman Islands Institute of Professional Accountants (CIIPA).
