Palo Verde Capital • General Partner
Transparency and accountability are absolute musts from anyone in the asset management space. We don’t tout transparency as a unique qualifier. We believe it is the minimum requirement for anyone who manages assets. In fact, we have been a reporting firm since 2008, long before transparency became a required mandate.
We provide portfolio and risk transparency, including real-time snapshots of portfolio risk and liquidity attribution analysis, independent accounting as well as custody and asset valuation through third party relationships.
McGladrey and Pullen, LLP • Fund and Performance Auditor
Provides written opinion upon the fair presentation of the fund’s annual financial statements in accordance with the fund’s applicable accounting and auditing standards on the basis of a year-end audit of the fund’s books and records. Additionally, they provide annual tax reporting for the fund and its investors.
PartnersAdmin, LLC • Fund Administrators
- Processing of subscriptions and redemptions
- Maintenance of investor accounts and databases
- Distribution of investor statements and related documents (performance letters, annual audits,K-1s, etc.)
- Calculation and distribution of fund performance and statistical data to authorized and interested parties
- PartnersAdmin receives data files from our prime broker (M.S. Howells) detailing the positions and trading activities and reconciles that data against the data of the firm, the prime broker and the custodian. Additionally, they provide portfolio and performance accounting and Net Asset Value (NAV).
M. S. Howells, Inc. • Prime Brokerage Option
Acting independently of the Investment Manage, M.S. Howells acts as the executing broker accepting, executing and confirming trades in the marketplace. They also provide a range of services to the fund, including shareholder, registrar and anti-money laundering, reconciliation and record-keeping services.
Pershing LLC • Custodian
Pershing holds and protects the fund’s assets and provide various services including the collection of money from investors, the distribution of redemption proceeds, maintenance of margin accounts, registration of investments and the exercising of options.
Investment Law Group • Legal Counsel
They advise on all aspects of fund operations, registration and compliance matters for registered investment advisers, registered investment companies, investment advisory agreements and agreements with service providers and placement agents.
Merlin Securities • Technology Partner
Meeting the Needs of an Under-Served Market Segment
Merlin provides hedge funds in the under-$2B marketplace with best-of-breed reporting, analytics, and transparency tools. Managed by former founders and senior executives of Furman Selz, Montgomery Securities Prime Brokerage, Banc of America Prime Brokerage, and Thomas Weisel Partners, Merlin’s open architecture platform and multi-prime solutions offer the tools, techniques, and resources hedge fund managers need to demonstrate their business edge.
Offering Diversification and Security of Assets
Merlin is an introducing broker to J.P. Morgan Clearing Corporation, Goldman Sachs (GSEC) and National Bank of Canada and is fully integrated with Northern Trust’s custodial platform. Its broad suite of solutions includes dynamic performance attribution analytics and reporting, seamless multi-custody prime brokerage services, capital development, 24-hour domestic and international agency trading, securities lending, institutional trading and research and custom tailored technology solutions.
Recognized by Industry Peers
Merlin has won the highest marks with Global Custodian and Alpha Prime Brokerage Surveys every year it has been eligible. In 2006, it was named an Infoworld 100 Company for its high-performance computing initiatives, and in 2007, Merlin received a $20mm investment from Sequoia Capital.