ファンド運営

ファンドの業務基盤：NAV算出、事務管理の業務フロー、カストディと銀行、取引業務、そしてファンドがオペレーショナル・デューデリジェンスを通過できるかを左右する統制を取り上げます。

このカテゴリーの記事

• In-Kind Redemptions and In-Specie Transfers: When a Hedge Fund Pays Out in Securities Rather Than Cash
• Anti-Dilution Levies and Swing Pricing in Hedge Funds: Who Pays the Cost of Investor Flows
• Hedged Share Classes in Hedge Funds: Currency Hedging Mechanics, Cost and Who Bears the Basis
• The NAV Error Policy Hedge Fund Boards Should Approve: Thresholds, Compensation and Restatements
• Hedge Fund Best Execution Policy: The Duty, the Evidence and What ODD Teams Test
• The Hedge Fund Business Continuity Plan: What Allocators Test at Sub-US$100m
• Can a DeFi Fund Be Audited? The Audit Evidence Test
• How a Fund Holds Collateral Across Five to Eight Trading Venues
• How Venue Sub-Accounts Express Segregated Portfolio Boundaries
• Collateral Held Away From the Venue: How It Is Priced at NAV
• Can a Crypto Fund Hold Its Own Private Keys?
• Which Administrators Decline a Sub-$25m Crypto Fund, and Why
• What Crypto Fund Custody Evidence Will an Auditor Actually Accept?
• How the Hedge Fund Subscription Process Actually Works
• Opening a Bank Account for a Cayman Fund
• The Hedge Fund Technology Stack at Launch: Order Management, Portfolio Management, Risk and Reporting
• Hedge Fund Liquidity Stress Testing: The Frameworks Regulators and Allocators Expect
• Hedge Fund Wind Down Closure: The Orderly Playbook
• GIPS Compliance for Hedge Fund Managers: When It Is Worth It and How to Get There
• Hedge Fund Investor Reporting Requirements: What the Monthly and Quarterly Pack Must Contain
• Hedge Fund Secondaries and the LP Transfer: How Interests in Cayman Funds Change Hands
• Hedge Fund Operational Infrastructure by AUM: What Allocators Expect at US$50m, US$250m and US$1bn
• Prime Broker Counterparty Risk: Rehypothecation, Asset Segregation and the Multi-Prime Decision
• D&O and Fund Insurance: What Cover a Hedge Fund and Its Directors Actually Need
• Treasury and Counterparty Management for Hedge Funds: Cash, Margin and Broker Diversification
• What to Outsource and What to Own: Middle Office, Shadow NAV and the Lean Manager Operating Model
• Outsourced Trading for Emerging Managers: Cost, Execution Quality and the ODD View
• Digital Asset Fund Operations: The Institutional Operating Layer
• How to Choose a Digital Asset Fund Administrator
• The Crypto Fund Valuation Policy: Pricing Hierarchies, Illiquid Tokens and Locked Positions
• Exchange Onboarding for Funds: KYB, Sub-Accounts and API Governance
• The Digital Asset Fund Launch Checklist: Week by Week from Mandate to First Trade
• Crypto Custody Due Diligence: How Fund Managers Should Select a Custodian in 2026
• Who Owns the Learning? AI, Proprietary Data and the Fund Platform Moat
• DeFi Fund Accounting: Staking, Yield Farming and Liquidity Pool Treatment
• The Complete Guide to Side Pockets for Investors and Managers
• When Can a Hedge Fund Suspend Redemptions?
• Choosing Your First Prime Broker: What Emerging Managers Need to Know
• Side Pockets and Performance Fees: What Happens When Assets Become Illiquid?
• One Fund, Multiple Fee Models: Using Share Classes to Meet Different Investor Needs
• Equalisation, Series Accounting and Performance Fee Fairness
• The Hidden Risks of Fund of Funds Investing: Liquidity, Gates and Side Pockets Explained
• ファンドの評価方針：価格情報源と統制
• ゲート、サイドポケット、償還停止：流動性管理手段の解説
• ロックアップ、通知期間、償還条件
• ハイウォーターマークとハードルレートの解説
• 成功報酬とハイウォーターマーク
• 募集要項：記載すべき内容とその理由
• 販売ではなく信頼：新しいヘッジファンド運用会社のための実践的な投資家対応ガイド
• 電子申込み：国境を越えたファンド取引の摩擦を解消する
• AIヘッジファンド：リサーチ、リスク、ファンドの運営基盤
• プラットフォーム・ファンドと運用会社が所有する戦略：運用会社がブランド、知的財産、運用実績を保持する仕組み
• 新興ヘッジファンドのプライム・ブローカレッジ：本当に重要なこと
• ヘッジファンドのドローダウン：運用会社は損失を投資家にどう説明すべきか
• ヘッジファンドの経費率：運用資産額US$10m、US$50m、US$100m、US$250mで妥当な水準とは
• ヘッジファンドはいつ月次NAVから週次・日次NAVへ移行すべきか
• ヘッジファンドにおける不十分な取引業務の隠れたコスト
• ヘッジファンドのグロス・エクスポージャーとネット・エクスポージャー
• オペレーショナル・アルファ：運営基盤が競争優位になりつつある理由
• 評価、NAV算出、投資家報告：機関投資家がケイマンのヘッジファンドに求めるもの
• ケイマン・ファンドにおけるAML、KYC、投資家受入れ：知っておくべきこと
• 2020年以降のヘッジファンド条件の変化
• 管理報酬、成功報酬、ハードル：現在実際に機能するもの

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