Wind Down Services

Our team helps provide an expert opinion and workflow around the review, design, and management of internal controls, budgets, timelines, and open-item checklists around the complexities of the Wind Down process.

A Brief Summary of the Wind Down Process

• Accounting Services - Each wind down typically takes 1-3 years subsequent to the liquidation of all securities held be one's portfolio: 2 – 2.5 times as long when including portfolio liquidation mandate.

• Down Sizing - Prior to winding down, downsizing may commence.

• Continuing Operations - Significant component of downsizing and wind downs consist of managing the continued operations throughout its completion.

Responsibilities:

• Financial Accounting and Books/Record Maintenance

• Review/Preparation of Financial Statements and Management of Audits

• Management and Review of Tax Return Preparation, and Oversight of Tax Compliance and Filings

• Oversight and Management of Finance, Insurance, Banking, and Prime Brokerage

• Cash Management and Payment Processing

• Information Technology Review, Management, and Transition

• Management of Liquidation of Illiquid Positions and Assignment of Investor Interests

• Administration Management and Oversight and/or Assumption of Fund Administrator Duties

• Manage and/or Process Investor Distributions

• Investor Services and Communication Point

• Manage Sale of Right to Class Action Suits

• Service Provider Management and Oversight, and Contract Review and Negotiation

• Management and Compliance Oversight of Human Resources

• Regulatory Compliance Oversight and Management of Required Filings

• Oversight and Coordination of Outside Counsel on All Legal Matters

• Office Space/Real Estate Review and Management of Office Closure(s)

• Furniture and Other Fixed Asset Disposal

• Electronic and Paper Document Storage and Destruction

• Dissolution of Entities and Closing of All Accounts