ALPS Price Meadows is different from many administration firms. Not only have we been doing hedge fund administration for over 20 years, but we also understand your business. Our principals entered the securities industry as brokers in the late 1970s and began in the hedge fund industry in 1982 when they formed a risk arbitrage fund. When that business evolved into a fund-of-funds, they witnessed firsthand the wide range of reporting styles, frequencies, and levels of accuracy among managers and recognized the need for a third-party administration service offering accurate and timely monthly reporting of capital account values to investors.
Accordingly, while today ALPS Price Meadows is solely a fund administrator, our solutions are "needs driven" - from needs that we have identified over two decades in the business. This background and understanding of your challenges is what sets us apart from most fund administrators - who generally come from within the accounting industry. ALPS Price Meadows has had experience in nearly every facet of hedge fund operations, including starting hedge funds, structuring and organizing new funds, the sales of partnership interests, portfolio investment management and, of course, partnership accounting.
We have the perspective to know what you need, and we have the knowledge and system resources to meet those needs. Our objective is accurate and timely reports for you and your investors, each month and at year-end. At ALPS Price Meadows, we take pride in being especially responsive to the needs of our fund clients and the excellence of our work. We have developed automated but flexible accounting systems necessary to administer financially complex entities and track portfolios containing diverse types of financial instruments, from stock portfolios to venture capital investments; and from hedge funds to funds-of-funds. Today, the firm administers funds and offshore funds for managers all over the US.
Lastly, a word about independence. While we have our favorites, we are affiliated with no brokerage, accounting or legal firms. We let your prime broker do their job - providing the information necessary to manage the portfolio on a daily basis - and we do ours - assembling the data into valuation "snapshots." We require and welcome audits of our work. While we have an extensive library of legal documents and work closely with your attorney, we are not attorneys and do not create documents for funds.