Case Study: a New York City-based hedge fund achieves more accurate shadow accounting and streamlined fund administration with FundCount

a New York City-based hedge fund identifies discrepancies and streamlines reporting with FundCount

A New York City-based hedge fund sought a cost-effective solution to replace its manual processes and spreadsheets for shadowing its fund administrator. The firm needed an integrated shareholder accounting and general ledger system from FundCount that could handle its complex master-feeder structures and multiple brokers.

By implementing FundCount, the hedge fund integrated its general ledger and shareholder allocations, streamlining reconciliations through direct data feeds. This provided greater control and independence, allowing the firm to efficiently identify discrepancies and produce timely, reliable reports. FundCount enhanced operational efficiency, reduced human error, and created a parallel system to validate the administrator's work.