Thu, Nov 26, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Kaufman Rossin Fund Services LLC completes service organization control (SOC 1) Type II

Monday, January 16, 2012

Christine Egan, director of KFRS
Opalesque Industry Update - Kaufman Rossin Fund Services LLC (KRFS) announced the successful completion of an independent examination of its fund administration business for the year ended September 30, 2001. This is the fifth consecutive year that KRFS has completed this examination. The examination was performed by the independent service auditor KPMG LLP and was free from exceptions.

The independent examination is comprehensive in scope and covers the net asset value (NAV) calculation, middle and back-office, and investor and treasury processes. This includes operational procedures and controls in the areas of client onboarding, trade processing, data reconciliation, valuation, investor processing and allocations and fund and investor reporting. The examination also includes controls related to logical and physical security, data transmission, change and problem management and system back-up and recovery processes for operations in all KRFS offices.

"This certification process provides our valued clients, their investors and our industry colleagues with an independent report on the substantial business controls that we strive to reinforce each and every day," comments Christine Egan, director of KFRS. "The numerous requests for this report are a result of the heightened awareness of the benefits of independence in every aspect of our business, the foundation that our organization was built upon back in 1994 as a spin-off of one of the nation's top CPA firms."


Press Release


What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Hedge fund marketing and the selling cycle[more]

    By Bruce Frumerman. How long is the selling cycle now? That’s a question my financial communications and sales marketing consulting firm has been asked on a regular basis by hedge fund firm owners and sales people, ever since we opened the doors to our firm in 1987 pre-crash. Wa

  2. Investing - BlackRock targets ETF investors with flexible currency hedging, Nelson Peltz bets on General Electric Company and Mondelez International, Apple plummets to 4th place among hedge holdings, from No. 1, Top Q3 equity purchases and sales of top 50 hedge funds[more]

    BlackRock targets ETF investors with flexible currency hedging From BlackRock Inc., the world’s largest asset manager, is changing course on exchange-traded funds that protect against currency volatility. After stressing the easy switch between hedged and unhedged ET

  3. BlackRock is shutting down its Global Ascent macro fund[more]

    Komfie Manalo, Opalesque Asia: BlackRock, the world’s largest asset manager, has announced plans to shut down a macro fund, Global Ascent Fund, because of "headwinds facing the industry". The hedge fund, which makes bets on stock, bond and currency markets, will return money to investors. Ac

  4. Opalesque Roundtable: Seeding deal terms can be onerous for hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Executives from fund of funds firms, family offices, a placement agent, a private equity firm, and an accounting firm gathered in Connecticut last month for the

  5. Opalesque Roundtable: Family offices flock to co-investment[more]

    Bailey McCann, Opalesque New York: Co-investments have been a hot topic for pension funds in recent years, as they try to move away from high fees and improve transparency. But now, family offices are more readily getting into the mix and establishing in-house deal teams, according to the delega