Funds of Hedge Funds - Understanding the Specifics of Accounting and Custody

Inter-company training

Duration

 8,00 hours(s)

Language(s) of service

EN

Next session

 30.10.2026
See details
Location
 Luxembourg

Price

290,00€

Who is organizing this training?

Fondation créée en 2015 par la Chambre de Commerce et l’Association des Banques et Banquiers Luxembourg (ABBL), la House of Training est un organisme agréé de formation professionnelle continue qui s'engage à contribuer activement à la compétitivité et à l'attractivité du Luxembourg en développant les compétences de ceux qui font vivre son économie.

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Goals

The objective of the training is to provide participants with an applied understanding of the specifics of fund of hedge fund accounting and custody. The module will take participants through different perspectives including: investors, trade processing, accounting and reporting.

Contents

The course covers the following topics:
Introduction to Hedge Funds and Funds of Hedge Funds (FoHF)

  • History and concept of asset management
  • Major strategies and why FoHF?
  • Distribution and regulation

Trade processing

  • Target Fund TA (account opening; reconciliations)
  • Custody & Settlement
  • Valuation & Accounting:
    • Equalisation factors of target funds
    • NAV estimates
    • Fair valuation
    • Key regulation: IFRS

Trade Management and Custody

  • Overview of fund of fund portfolio trading
  • Subscriptions/redemptions/switches: the liquidity issue
  • Settlement & cash monitoring
  • Corporate actions
  • Depositary liability under AIFMD

Accounting and Reporting

  • Valuation of a FoHF portfolio
  • Performance fees and equalization
  • Accounting of subscriptions/redemptions /switches
  • Side pockets
  • Gates
  • Reporting

Risk Management and Compliance

  • Operational risk
  • Portfolio risk

Certificate, diploma

At the end of the training, the participants can download a certificate of attendance from their client portal House of Training.

Next session

Datum
City
Language and price
30.10.2026
Luxembourg
EN 290,00€
See details

Organization contact details

House of Training

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