United States

Mainstream in North America

Fund Administratiomn

Our US fund administration service, through Fundadministration, Inc, offers investment managers a conduit into the largest hedge fund market in the world.

Fundadministration is a full-service fund administration firm dedicated to partnering with their clients to provide accurate, timely and comprehensive accounting services to the financial services industry.

With offices in New York and clients around the world, Fundadministration’s highly professional and seasoned associates provide world class service, transparency and oversight along with independent data verification. Cutting edge technology is fully automated, flexible and provides a cost-effective level of reliability that meets the specific needs of sophisticated investors.

Time in United States:


New York, United States Office

Mainstream Group Holdings Limited
598 Madison Avenue, 9th Floor
New York, NY 10022
USA

Contact Mainstream's other offices.

Google Map of 598 Madison Avenue, 9th Floor New York, NY 10022

Our Staff

Denise DePaola

Denise DePaola

Chief Executive Officer, Americas

Denise DePaola is CEO of Mainstream’s US operations. Denise has over 20 years of experience in public accounting and the alternative investment / financial services arena, with a particular emphasis on fund administration and business development. Denise has been licensed by the State of New York as a Certified Public Accountant (CPA). Denise has also been recognized as a thought leader, game changer and executive of the year by the hedge fund administration and consulting industry. She received a BA in Accounting and Information Systems from CUNY Queens College, NY, attended Fairleigh Dickinson University, NJ and Wroxton College, Oxfordshire, England. Denise is an active board member of the Dying to Live foundation.  

Contact Details:

+1 631 737 4500
americas@mainstreamgroup.com 

Background

Fundadministration was founded in New York in 1999 as a boutique fund administrator. Denise DePaola, CEO, joined the Company in 2005 and subsequently acquired the firm in 2013 before its merger with Mainstream in 2016.

Since then, the Company has experienced stability and continued growth. Denise built up her team over the years and has successfully implemented PFS-PAXUS software to service the needs of her growing clientele.

Fundadministration employs seasoned professionals with no turn-over in staff. The average tenure is 8 years with the company and 16 years’ industry experience.

The Company is continually recognised in the industry as providing the best service in the business year after year. As such, clients are loyal and continue to expand their operations with the support of Fundadministration.

Learn more about Fundadministration on their website.

Global Expertise

Fundadministration is part of Mainstream Group Holdings Limited (ASX: MAI), a listed company specialising in fund services. The Group provides fund and superannuation administration services underpinned by investment in people, processes and technology.

As at June 2017 the Group provides administration services to 719 funds and more than 105,000 investors with assets under administration in excess of AUD $123 billion. Mainstream employs over 217 people, with operations in Australia, Singapore, Hong Kong, the United States, Ireland, the Isle of Man, Malta and the Cayman Islands.

Learn more about Mainstream worldwide.

Reliably proven success by the numbers:
719+
Funds
20+
Years Experience
$123bn+
In Funds Outsourced to Mainstream

Local Services

Fundadministration provides administration services to hedge funds, private equity funds, fund of funds, EB-5 Funds as well as family offices and managed accounts across a variety of asset classes.

Core services include:

  • Trade Reconciliation and Reporting Services
  • Automated trade capture
  • Customized reporting services
  • Secure web portal
  • Administration Services
  • Daily, weekly or monthly NAVs
  • Anti-money laundering (AML)/Foreign Account Tax
  • Compliance Act (FACTA) compliance
  • Registrar and transfer agency services
  • Fee and returns calculations
  • Partner allocations
  • Additional Support Services
  • Cash management / Escrow
  • Bookkeeping and bill paying
  • Financial statements
  • Audit and tax coordination

Fundadministration was awarded Best Hedge Fund Administrator 2016 (Wealth & Finance 2016) and Best Full Service Administrator 2016 (AI Hedge Fund Awards 2016 and Alt Credit Intelligence US Services Awards 2016).

Learn more about Fundadministration on their website.

Statistics

  • Office opened: 1999
  • Country manager: Denise DePaola
  • Specialities: processing of transactions and cash management, investor services (registrar and transfer agency functions), fund accounting and NAV calculation, audit and tax co-ordination
Over $123 billion in funds are outsourced to Mainstream: