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Hedge Fund to Family Office: Continuing Trend or Past its Prime?

For the last several years, converting a hedge fund to a family office was a popular transition. George Soros, Stanley Drunkenmiller and many other high-profile hedge-fund kings returned outside investments, packed up their suitcases of money and trotted down the yellow brick road to become a family office.

Increased competition, downward pressure on fees and lagging returns relative to other asset classes certainly put the squeeze on hedge funds. But it was the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 that pushed some hedge funds to pull the plug and go the family office route.

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Reaching New Heights

‘The first half of 2017 represented a significant milestone for FundCount’, said Alex Ivanov, CEO and founder, referring to the signing of 11 new family office and fund administration clients from January through June.

Even more impressive than the number of new clients is their global distribution. Located in Australia, Cyprus, India, Dubai, the Cayman Islands, the Philippines and cities throughout the U.S., FundCount clients represent a true cross-section of markets.

FundCount’s success is testament to the flexibility and capability of its software in meeting expectations and supporting varying accounting conventions across numerous jurisdictions. While specific requirements may differ by industry or firm, clients have one thing in common — the need for a robust accounting, investment analysis and reporting system at an affordable price.

FundCount has come a long way from its early days providing accounting software only to hedge funds. With the introduction of Release 3.0 (see subsequent article) and its growing family office, private equity, hedge fund and fund administration client base, FundCount is proving that it is no longer a well-kept secret.

Welcome Aboard!

FundCount is pleased to welcome John Sullivan to our expanding professional staff in Boston. As Implementation and Consulting Manager, John will be responsible for ensuring the smooth and seamless implementation of FundCount software. In addition, he will work closely with clients to evaluate requirements and propose solutions that meet specific needs.

John will review and formalize project plans, ramp up communications, improve project tracking and introduce other measures that will improve overall client experience. His fund accounting expertise plus a strong technical background and experience with accounting software systems from over 14 years in the industry will serve him well in this endeavor.

When not working hard to make implementation easier for clients, John enjoys running, weightlifting and enjoying the beautiful beaches of Cape Cod with his family.

Please join us in welcoming John Sullivan to the FundCount family. He can be reached at or 617-651-5760 x209.

Release 3.0 is Here!

You spoke, we listened. FundCount is excited to announce that Release 3.0 is here. Introduced in June and available to clients for download, this comprehensive release addresses the requests, comments and concerns from FundCount users.

In addition to across-the-board improvements and enhancements to existing functionality, Release 3.0 also includes many new features that have been on clients’ wish lists. The much anticipated Performance Attribution module introduced in this release has been well received as it enables investors to quickly analyze performance and measure portfolio value against certain benchmarks.

FundCount clients can access the release notes through the client portal for a summary of key features and further details.

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Awards and Accolades

FundCount received the Editor‚Äôs Award from WealthBriefingAsia for ‚ÄúBest Client Accounting.‚Äù Our own Kirill Ivanov was at the awards ceremony in Singapore to accept the honor.

The WealthBriefingAsia Awards recognize best-of-breed providers in the global private banking, wealth management and trusted advisor communities.

FundCount is pleased to be a part of this elite group.


Upcoming Events

October 23-25, 2017
Family Office Exchange (FOX) Fall Forum, Chicago, IL

November 29, 2017
Family Wealth Report West Coast Family Office Fintech Summit, San Francisco, CA

About Fundcount

Founded in 1999, FundCount provides integrated accounting and investment analysis software that improves operational efficiency and delivers immediate, actionable intelligence to clients around the globe. Today, over 100 hedge funds, single and multi-family offices, fund administrators and private equity firms worldwide with assets totaling more than US $75 billion rely on FundCount for accurate, timely information and flexible reporting. FundCount supports its growing client base from the company’s U.S. headquarters and five additional international locations.

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