Spicer Jeffries LLP currently provides services to approximately 300 hedge funds, commodity pools and private equity funds, including publicly traded partnerships listed with the Securities and Exchange Commission. These funds range in size from under $1 million to over $1 billion in net assets and are located throughout the United States and various offshore jurisdictions. These funds include single and multiple trader arrangements and complex capital structures including master-feeder funds and fund-of-fund entities. Several of these funds are also subject to Securities and Exchange Commission registration.

From the infancy stage to seasoned funds, Spicer Jeffries has the extensive experience required to provide superior services to your funds.

Audit and Accounting

The firm's extensive experience and trained personnel allow it to conduct audits very efficiently and cost effectively. Our goal is to offer you excellent service at a competitive fee. We provide the following:

• Audits in accordance with generally accepted accounting principles and in the case of commodity pools, CFTC guidelines
• Auditing of net asset value and individual partners'capital accounts
• Examinations and reviews of historical performance records in accordance with Global Investment Performance Standards (GIPS) and Commodity Futures Trading Commission (CFTC) standards
• Calculation of rates of return and preparation of performance records

Tax Services

The tax professionals of Spicer Jeffries LLP have significant experience in securites taxation and related complex issues. In connection therewith we provide:

• Tax analysis for trading strategies to ensure optimum tax benefit
• Customized tax reporting package furnished to partners on a timely basis
• Preparation of Federal, state and local income tax returns
• Tax planning and consulting
• Preparation of Passive Foreign Investment Company annual information statements and related shareholder allocations

Start-Up Services

Our professionals work with our clients and their attorneys to determine the most tax advantageous structure for the hedge fund and its managers. In addition, we provide assistance with the language contained in the private offering memorandum and partnership operation agreements. We also advise the client on General Partner allocations as well as expense reimbursements. Additionally, should the fund be in need of an attorney, we can introduce you one of several attorneys specializing in the hedge fund and commodity pool arena.

Offshore Services

Spicer Jeffries LLP conducts audits in the Cayman Islands through our Cayman firm, Spicer Jeffries (Cayman).  In addition we are an approved auditor for the Bahamas and the British Virgin Islands.

Should you be interested in going offshore for a new fund, we can introduce you to entities specializing in this arena that will assist you with legal start-up, accounting and administration.

Outsourced Administration

We recognize that the all funds do not have their own internal accounting staff to provide the necessary accounting records. In these instances we can refer you to boutique firms which use integrated state-of-the-art software providing the following:

• Monthly accounting package
• Custom financial statements
• Quick turnaround
• Performance tables/capsules

Prime Broker-Dealer Clearing Arrangements

We assist our hedge fund clients by introducing them to a broker-dealer offering a prime brokerage arrangement to facilitate the clearance, settlement and custody of their securities. Because of our many years of experience working with numerous broker-dealers, we are able to introduce the fund to an appropriate broker-dealer based on the fund's volume and type of trading.