20/11/2015
fund is an important part of any hedge fund, because it is the mainstay of responsibility for a fund. Hedge fund accounting is how a company compiles all of the statements that reflect on the fund. Everything the fund invests in and everywhere the fund chooses to place money should be accounted for in hedge fund accounting spreadsheets. This is the best way for the fund to report back to the investors about how the money is growing.
Hedge fund accounting is typically handled by an outsourced version of the same firm that handles the fund itself. who compile the records are highly specialized and keep track of all analysis. It has been proposed that hedge funds be forced to hire entirely separate hedge fund accountants to maintain a checks-and-balances system, but it isn't common .