Fund Administration
An industry leader in terms of size, scale and scope, Goldman Sachs Administration Services is a premier global service provider to funds advised by both emerging and established alternative asset managers.
With over 20 years of experience and a global team exceeding 250 professionals, we administer $200+ billion in assets invested across more than 525 funds. Our dedicated teams, located in Jersey City, Dublin, Toronto, Grand Cayman, Singapore and Bangalore, work with over 22,000 investors and 160 asset managers, giving us broad experience in servicing the alternative investment community.
From every office, we maintain systematic connectivity to all of our clients and their major Prime Brokers, Custodians, OTC Counterparties and Futures Commission Merchants (FCMs). Utilizing our front-to-back platform, we provide unparalleled outsourced business solutions that allow our investment managers to focus on their core business – generating alpha.
In late 2009, with the goal of enhancing our platform and broadening our offering, Goldman Sachs Administration Services was strategically realigned to be a part of Goldman Sachs Bank USA, a Federal Reserve regulated entity. As part of this change, we have invested heavily in our technology and infrastructure, creating a robust client offering and enhancing our operational capability.
We welcome the opportunity to discuss the various ways we can service your alternative investment funds. To learn more about becoming a client, please contact us: gs-fundadmin-sales@gs.com
Approach
Our approach to fund administration is to provide a selective and top tier service offering. Deep experience in the field and recognition as an industry leader forms the foundation of our ability to service a wide range of investment strategies.
The people of Goldman Sachs Administration Services are dedicated to serving our clients through every stage of their businesses’ growth. We work with managers and funds of all sizes and are committed to servicing the start-up as well as the established manager community.
Our focus:
- Hire and retain only top talent, ensuring clients are covered by qualified and experienced individuals
- Invest heavily in our technology throughout the business cycle to maintain our industry leading status
- Commit to a culture of client service consistent with our business principles. Our experience shows that if we serve our clients well, our own success will follow
Products and Expertise
Fund Accounting
The foundation of our business is consistently providing clients with an accurate NAV in a timely manner. In order to do so, we maintain the highest of standards and strictest of operational controls. These controls include rigorous cash and position reconciliations that our fund accountants regularly perform to the fund’s custodians, prime brokers and counterparties. In addition, our teams perform management and incentive fee calculations as dictated by the fund's offering documents and allocate the profit and loss of the fund to the individual investors or share classes. Additionally, we regularly liaise with the fund’s auditors to help facilitate a smooth process at year end.
Investor Services
One of the most important aspects of fund administration lies in the interaction between the administrator and the hedge fund investors. Recognizing the importance of this relationship, we attract, hire and retain the best talent to better serve the needs of our global clients. Our Investor Services team provides insightful responses to service inquiries, timely access to investment information, analysis and statements.
Middle Office and Daily Services
Through our middle office service offering, we provide a comprehensive product offering that allows managers to scale their business while minimizing their support infrastructure and operational costs. By reducing the administrative burden of managing money, we allow our hedge fund managers to focus on what they do best – maximizing trading performance, building world class businesses and attracting new sources of capital.
The Middle Office team provides our hedge fund clients with daily reconciled profit and loss reporting, portfolio management analytics and operational reporting. These services allow hedge fund managers to outsource non-investment functions, utilize our ‘best-in-breed’ reporting platform and leverage the support of our global staff.