PFPC is street-smart, worldwide. Our depth of experience and expertise in servicing the most complex partnership products and hedge funds, both locally and internationally, is extraordinary.

Along with our highly-sophisticated systems, we have developed a group of experts to service the complex and unique requirements of investment partnerships. PFPC also has tax professionals with expertise in virtually every type of investment product.

Partnership Accounting & Recordkeeping

PFPC maintains all the necessary partnership accounting records, including recording investor admissions, investor withdrawals, income and expense activity. We prepare balance sheets and statements of operation, determine net income, capital gains and losses and foreign exchange gains and losses. We calculate incentive allocations, compute and report partnership net asset values and allocate income, expenses and gains and losses to individual partners.

Security Valuation & Accounting

PFPC maintains ledgers and tax lots for investment holdings, obtains security market quotes and exchange rates, calculates the market and cost values of holdings and determines the appreciation or depreciation of partnership portfolios.

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Daily Interfaces

PFPC transmits portfolio reports to the investment manager, verifies investment buy/sell trade transactions and reconciles investment transactions, holdings and cash with the custodian/prime broker.

Financial Reporting

PFPC prepares annual and semiannual reports and monthly financial statements, when required. We also report on a quarterly basis to the managing partners or board, when applicable and calculate and disseminate partnership performance data.

Taxation

PFPC prepares all required U.S. tax reporting, including federal, state and local returns. All K-1 reporting to investors, as well as 1099 reporting where required, is handled by a team of PFPC professionals that is closely aligned with our professional accounting staff. This team is supported by PFPC’s tax department and will interact with a client’s independent accounting firm to provide comprehensive services.

Support Services

PFPC maintains annual expense budgets and serves as a liaison with our clients’ independent public accountants. PFPC also provides account analyses, fiscal year summaries and other audit-related schedules.

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Investor Servicing

PFPC offers a dedicated investor servicing team that provides comprehensive services, such as investor money movement reporting, investor correspondence, fulfillment and escrow services.

Our service team works with each client to establish customized investor reporting and to determine additional investor services that may be required, including:

  • Mailing offering memoranda and subscription documents
  • Recordkeeping associated with subscriptions and redemptions
  • Calculation and dissemination of performance data
  • Confirmation of investor account activity
  • Preparation of customized investor statements

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Services

Partnership Accounting & Recordkeeping

Security Valuation & Accounting

Daily Interfaces

Financial Reporting

Taxation

Support Services

Investor Servicing