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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.
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. ![]() 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. 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. PFPC prepares all required U.S. tax reporting, including federal, state and local returns. All K-l 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.
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. 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; and preparation of customized investor statements. privacy policy | text only | site map
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Services Partnership Accounting & Recordkeeping Security Valuation & Accounting ![]() |