Hedge fund consulting firm Stonegate Capital Partners has launched a global fund administration offering, catering to domestic and offshore hedge funds, real estate funds, private equity funds and asset based lending (ABL) funds.
John McCorvey, CEO of Atlanta-based Stonegate Capital Partners stated: Our goal as a firm is to provide outstanding client service through an institutional-level service offering for emerging fund managers that are $250 million AUM and below.
Along with the release of its stand-alone global fund administration offering, Stonegate Capital Partners has released its latest white paper entitled, Hedge Fund Capital Raising – The Fee Drag Impact on Hedge Fund Performance. The white paper highlights the importance of cost management to mitigate the fee drag effect on fund performance, which has a dramatic impact on the net performance of smaller funds and stifles their asset growth.
McCorvey went on to say: We have been successful in saving our clients between 30-50% on their monthly hedge fund administration costs. Our robust technology infrastructure provides clients with a fully managed hosting environment with data backup and disaster recovery which can compliment our clients own internal disaster recover, data backup and business continuity plans.
The firm also provides a suite of hedge fund startup and operational services for hedge funds, private equity funds, real estate funds and ABL funds, creating domestic and offshore funds including master feeder funds and other complex fund structures.
(JDC)