Hedge Fund Awards 2015

Hedge Fund Awards 2015 www.acquisition-intl.com 15 ations, the public tends to mainly remember negative news more so than they remember positive news. Given the publicity surrounding major hedge fund fraud cases and large compensation packages for hedge fund managers, the public perception of hedge fund managers is in a fairly negative state. Having said that, the institutionalisation of the hedge fund industry continues. The industry is primarily filled with professionals of great character and integrity and we at Stonegate Global are committed to furthering these values in this burgeoning industry.” Awards success Stonegate won two awards in the Hedge Fund Awards 2015, being named Most Cost Effective Fund Administrator - Global and winning the Global Innovation Award for Fund Formation. “We are delighted to have won these two awards,” says McCorvey. We pride ourselves in providing institutional quality global fund admin- istration in a cost effective manner. Being named Most Cost Effective Fund Administrator - Global recognises Stonegate as a significant player as a global fund administrator. “We are also honoured that Stonegate Global has been recognised for its innovative work in global hedge fund formation,” he continues. “Our unique, comprehensive approach to fund formation, fund ad- ministration and global prime services positions us a significant player in the alternative investments industry. “The AI Hedge Fund Awards are extremely important to recognise key players that are making an impact in the alternative investments industry,” he adds. Recent successes, and the future Asked about recent projects that illustrate what is special about Stonegate, McCorvey points to the firm’s recent work with a prominent northeast US-based family office that has an extensive history of in- vesting in energy and oil and gas projects on a global basis. “The fam- ily office was looking to start an alternative investment fund through a joint venture with a team of geology experts,” he says. “The fund would further allow other wealthy families and large accred- ited investors to co-invest in the oil, gas and mineral rights opportuni- ties. Stonegate Global created a complex offshore and domestic fund structure that allows both US and foreign investors to participate in the fund. The proprietary structure developed by Stonegate captured various dynamics for the benefit of the private equity fund’s investors regarding expense pass-throughs, fee sharing, distribution rights, as well as significant tax advantages. The family office is now well posi- tioned to market and deploy its innovative investment strategy.” As for the future, Stonegate plans to continue to provide world-class services, technology and client assistance through its streamlined and cost-effective solutions, McCorvey says. n Global Innovation Award for Fund Formation & Most Cost Effective Fund Administrator – Global