What if Hedge Fund Accounting was Easier?
Imagine… you press one button, and in less than 10 seconds, you have clear investor statements and accurate monthly performance results.
Penny® hedge fund accounting software unifies partnership and shareholder accounting - including A/P, G/L, check-writing, journal entries, fees, and multi-currency support - so you can streamline your back-office and report to investors faster.
Quickly Report on Performance
Investor loyalty can make or break a fund. Avoid restatements and boost investor confidence with precise financial statements.
Flexible Fees
Penny allows for complete flexibility in the design of incentive fees.
Side-Pockets
Segregate funds into side-pockets or illiquid capital pools.
Allocations
Visual master/feeder fund structures ensure accurate allocations.
Liquidity
Limit investor capital withdrawals by creating liquidity gates.
Series Conversion
Roll-up shareholder series from one to another with one click.
Precisely track fund performance at any time, and forecast cash and capital by individual lot.
Penny® works well with all major hedge fund portfolio accounting systems, accepting feeds from Advent Geneva®, MSPA®, VPM®, Axys®, and others — but it picks up where they leave off — in the back office.
Outgrown Excel?
Still tediously tracking investor par values and additional paid-in capital on spreadsheets? With Penny® back-office accounting software, you can automate your shareholder and partnership accounting to easily deal with the intricacies of alternative investment fund's rounded NAVs and corporate income allocation.
For hedge fund managers yearning to know which clients will come or go, Ron Kashden may have developed the next best thing to a crystal ball.
Reuters
- The system is designed for both series-based accounting and share equalization - so you aren't locked in to either method.
- Manage partner allocations (including side-pockets with multiple tranches).
- Accurately track even the most complex fee arrangements.
You can easily handle subscriptions and accruals, and help your portfolio managers head off redemptions with sophisticated analytics of withdrawal exposure.
Calculate Gains & Prepare Taxes
Praised by Anchin, Block, Anchin, LLP as the most flexible hedge fund accounting system in the industry, Penny® lets you to calculate estimated returns - including performance fees - at any time.
The software offers robust investor reporting, and simplifies tax processing - from layering realized gains and investor percentages, to calculating aggregate allocations.
With Penny® – It Works software, one large hedge fund cut the time it took to produce K-1s and customized supplemental schedules by over 80%.
Hedge Fund Case Study
Penny improves partnership & shareholder accounting functions by intuitively automating key tasks. It plays a key role in our overall infrastructure."
Shawn ArmstrongManaging Director of IT, Ramius Capital
Raimus Capital Group, a privately-owned global alternative investment firm with approximately $12 billion dollars in assets under management, selected Penny® to enhance and expand its reporting and data tracking capabilities.
Penny's open and flexible approach allows Ramius to:
- offer customized investor reporting,
- integrate partnership and shareholder back-office accounting with their other systems,
- eliminate manual data input, and
- keep their partners and portfolio manager informed.
