Form PF One Year Later: How Hedge Funds Can Use Their Administrator to Effectively and Efficiently Assist them in Completing Form PF (Citi)

July 2013

KEYWORDS: administrator, assets under management, AUM, Dodd-Frank Act, Form ADV, Form PF, Hedge Fund Managers, hedge fund registration, Hedge Fund Regulation, information aggregation, NAV, net asset value, private placement, private placement memorandum, RAUM, regulatory AUM


Mike Sleightholme, Peter Hill

  • Citi


As recently as five years ago, a hedge fund’s administrator could be responsible for as little as calculating monthly NAVs and contributing some investor-relevant data for quarterly reporting. But following the financial crisis and demands from investors calling for greater liquidity and transparency into operations, running a hedge fund business has become more costly and complex. At the same time, many large firms have expanded through acquisitions and begun offering new fund structures and products, despite the compounding global regulatory requirements.

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