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Case Study: Benefits of engaging a shadow accounting provider to augment internal operations

Insight 6 June 2022

Case Study: Benefits of engaging a shadow accounting provider to augment internal operations

The Client:

A X based [strategy] hedge fund with [$X AUM]

The Challenge:

An investment management company was at a critical juncture in its growth cycle whereby it needed to expand is middle and back office operations to support firm growth. The firm knew that in order to attract institutional capital, it needed to build an institutional back office infrastructure with experienced professionals and technology. However, the expense of building this internally was significant leaving the Chief Financial Officer (CFO) looking for alternative options.

The Solution:

Sanne was referred to the CFO by the firm’s current fund administrator. After thoughtful due diligence, the CFO concluded that Sanne’s depth of experience, technology infrastructure and its relationship with the fund administrator would be the solution to their growing operations. The CFO would utilize Sanne for a number of functions including, review of the fund administrator’s NAV package, audit and tax support and coordination services, cash and position file reconciliations, investor allocations review, and other projects.

The Result:

As a leading fund administration provider to alternative investment funds, Sanne was able to deliver the operational support the client required to scale its middle and back office operations allowing them to focus on value-add work.  

How Sanne can help

Sanne provides institutional quality solutions that investment managers and investors have grown to rely upon while delivering a boutique approach. By engaging Sanne for shadow accounting services, hedge fund managers benefit from reduced cost and risk, increased efficiency, and optimized operations.

Our team of hedge experts can provide you with the coverage required to meet challenges driven by firm growth and investor requests.

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