基金營運

基金營運基礎設施：資產淨值編製、行政管理流程、託管與銀行、交易營運，以及決定基金能否通過營運盡職審查的各項控制。

本類別文章

• 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
• 基金估值政策：定價來源與控制
• 贖回閘門、側袋與暫停贖回：流動性工具詳解
• 鎖定期、通知期與贖回條款
• 高水位線與門檻回報率詳解
• 表現費與高水位線
• 發售備忘錄：應載內容及原因
• 信任而非推銷：新晉對沖基金經理的投資者關係實務手冊
• 電子認購：消除跨境基金的阻力
• AI對沖基金：研究、風險與基金基礎設施
• 平台基金，基金經理自有策略：基金經理如何保留品牌、知識產權及往績
• 新晉對沖基金的主經紀服務：真正重要的是甚麼
• 對沖基金回撤：基金經理應如何向投資者解釋虧損
• 對沖基金開支比率：管理資產為US$10m、US$50m、US$100m及US$250m時的合理水平
• 對沖基金應於何時由每月資產淨值改為每週或每日資產淨值？
• 對沖基金交易營運欠佳的隱藏成本
• 對沖基金的總風險承擔與淨風險承擔
• 營運阿爾法：基礎設施為何正成為競爭優勢
• 估值、資產淨值編製與投資者報告：機構對開曼對沖基金的期望
• 開曼基金的AML、KYC及投資者開戶：須知事項
• 2020年以來對沖基金條款的演變
• 管理費、表現費及門檻回報率：現今真正可行的做法

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