Recommended fund accounting software or service?

Discussion in 'Professional Trading' started by Jay77, Sep 1, 2017.

  1. Jay77

    Jay77

    Thanks for the responses so far. The names I've collected are:
    NAV Consulting, Citco, Apex Fund Services, and Opus Fund Services. I have not yet begun research on any of these companies, just gathering names.

    Any thoughts on these?

    The hedge is a startup fund, with lower AUM. I don't know if some of these companies are only suitable for very large funds, or not.
     
    #11     Sep 1, 2017
  2. Robert Morse

    Robert Morse Sponsor

    NAV works with smaller funds and startups too.
     
    #12     Sep 1, 2017
  3. ajacobson

    ajacobson

    Unquestionably NAV.
     
    #13     Sep 1, 2017
  4. wintergasp

    wintergasp

    NAV is very good. Apex will cost you an arm if you have < 250m$.
     
    #14     Sep 2, 2017
  5. Jay77

    Jay77

    Thanks everyone for your administrator recommendations. I've engaged NAV consulting for the administration. The setup process has brought up another question though.

    NAV requires that if the fund is using NAVs dual-account control service, all bank transactions be done by wire. For the bank I was previously using, wires are pretty inconvenient. An outgoing wire means a physical trip and 25 bucks every single time, regardless of the size of a wire. I'm looking for recommendations of banks where large outgoing wires can be initiated through the bank's web portal. Though I imagine that such a feature would probably requiring some sort of heightened authentication protocol. I posted a few more details in this other thread.

    Which banks do you use to fill the need for more convenient wires?

    -Jay77
     
    #15     Sep 12, 2017