Alternative Investments

Is there a difference between services and service?
Of course, but at Richey May, they go hand-in-hand.

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Personalized service backed by over 30 years of financial services experience

Richey May provides audit, tax, client accounting and advisory services to funds of all types and strategies both domestic and offshore. As a public accounting firm with hundreds of Alternative Investment clients in over 40 states, and relationships with many of the top service providers and specialists in the country, Richey May has a depth of specialized knowledge that few firms can claim. We focus exclusively on the needs of the business in the industries we serve, enabling us to understand our clients in unparalleled ways. Our fund accountants dive deep into understanding the market and regulatory requirements to empower your fund for success while mitigating risk.

Our team combines the dedicated expertise found in a national accounting firm with the hands-on approach to client service you’d expect from a boutique provider – a unique model that allows us to bring expert tax, audit, and consulting solutions and strategies to meet your fund’s specific business needs. From fund setup and tax planning, to audit and regulatory compliance, we have you covered.

Do you have questions about how our alternative investments team helps funds?

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Fund Service Capabilities

We serve hedge, venture capital, private equity and digital asset funds that range in size from $1M to $44B in nearly every state, in addition to the Cayman Islands and British Virgin Islands. We work with funds utilizing a wide variety of strategies, including, but not limited to, the following: arbitrage, ABS, catastrophic bonds, convertible arbitrage, cryptocurrency, currency, day trading, derivative, funds of funds, distressed debt, emerging markets, energy trading, event driven, fixed income, foreign currency, global macro, high yield, long/short, merger arbitrage, mortgage backed securities, real estate, reinsurance, risk arbitrage, situational, and structured finance.

Fund Services for All Stages of Growth

We can assist most types of fund entities with audit, accounting and tax services at any stage of your business. From emerging managers looking to set up a fund  to veteran fund managers meeting reporting requirements or looking for new growth opportunities, our experts are ready to help.

Industry Services

Initial fund structuring and consulting

Audits, reviews compilations, agreed upon procedures and other assurance services

Fund document review

Federal and state tax returns

Tax estimates

Tax planning & compliance

Performance examinations

Surprise Exams

Regulatory requirements, including Offshore Cayman filing requirement (FAR Form) assistance

Passive Foreign Investment Company (PFIC) Statements

Individual tax returns

Management company, general partner tax returns

Valuation consulting

Accounting/Bookkeeping

Cybersecurity

Audit and Tax Services for Digital Assets

As cryptocurrency has grown in popularity and market size, various countries and jurisdictions have begun to develop regulations governing the Digital Assets industry. Our team of digital assets accounting experts can help with tax preparation, filing, audit and assurance services to help you meet your goals and grow your digital asset fund successfully. Refer to our resources below for more digital asset insights.

Going Deeper with Cryptocurrencies: A Guide to Getting Started
Guide: Cryptocurrency Fair Value Best Practices Under ASC 820
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Client Testimonials

“I have worked with the Richey May team for many years now. They provide high-quality service, are very responsive, and build relationships with their clients. I enjoy working with the team and I’m comfortable referring them to my friends in the industry because of this high level of service.”

Anthony Daffer

Managing Partner, Provenire Capital

“Our firm has consistently had a great working experience with Richey May.  Their responsivity, expertise and high-quality service make them one of our most valuable service providers.”

Meghan Bynum

Director, Edge Capital Group

“I have always had great experiences working with Richey May. They were a perfect fit for me as an emerging manager, starting a new fund, providing valuable guidance and suggestions. Over the years they have delivered high level service to keep my fund running smoothly and I would definitely recommend them to any of my friends launching a new fund structure.”

Ernesto Perez-Carrillo

Founder, EPC Capital Management, LLC

“Richey May is integral in helping us meet our regulatory requirements and provide the fund transparency our clients expect. Their experienced audit team, whom we’ve worked with for several years, understands our business and takes a proactive approach to completing our fund audits. We appreciate their availability to answer questions in a timely manner and commitment to serving us as a client.”

Stacy Anderson

Taylor Derek Capital

Awards

Don’t miss our Capital Education Series! This series is a value-add educational series created by Richey May’s alternative investments industry experts to help fund managers learn more about how to raise capital and will feature other industry experts to cover many different related topics in depth.

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Our Leadership

Our alternative investment team is comprised of top industry audit and tax experts in the alternative investment field who have worked on hundreds of funds in their respective careers and can provide a level of quality, customer service and expertise that few other firms are capable of matching.

For background information on additional senior experts in our alternative investment practice, please visit the Team page of our website.

Our Team$

Industry-Leading Insights & Resources

Richey May is dedicated to sharing best practices and trends in the industry to help funds stay competitive in the local and national marketplace.

All Insights$

CIMA Regulations and FAR Forms

Our Cayman Island office allows us to conduct audits of pooled investment vehicles, such as hedge funds, registered under the Cayman Island Monetary Authority (CIMA) Mutual Funds Law. This office signifies our commitment to meeting the unique needs of our alternative investment clients. Our team is very experienced with CIMA regulations, including auditor consent letters and the filing of Fund Annual Returns (FAR), which are required to be filed within six months of an entity’s fiscal year-end. The FAR form contains financial data on the registered fund, including a summary statement of financial position, which discloses changes in net assets from the beginning of the year through the end of the year. With our Cayman Island office, we are well positioned to add value to our international clients with CIMA-registered entities. We are also registered with the Cayman Islands Institute of Professional Accountants (CIIPA).

 

Hedge Fund Association Membership

The Hedge Fund Association (HFA) is an International not for profit industry trade and nonpartisan lobbying organization devoted to advancing transparency, development and trust in alternative investments. HFA’s global presence spans five continents and over 14 countries.