Asset managers, hedge funds, prop trading firms and alternative-investment vehicles operating from DIFC, ADGM and the wider GCC live and die by one number: Net Asset Value. Yet the NAV process is where most accounting failures sit.
Fund accounting in DIFC and ADGM operates at the intersection of IFRS standards, DFSA/FSRA regulation and investor expectations. The margin for error is effectively zero.
Shadow books, administrator records, trades, cash sweeps and corporate actions must reconcile accurately every cycle.
Illiquid assets, SPVs, private credit and structured notes require clear valuation policies and IFRS 13 disclosures.
High-water marks, hurdle rates, equalisation, crystallisation events and founder-class economics are often miscomputed.
ESR, Corporate Tax, FATCA/CRS, CFT and fund-regime requirements all converge on the finance team.
Five accounting bottlenecks that consistently expose fund managers to regulatory risk and LP dissatisfaction.
Breaks between shadow books and administrator records can lead to investor-statement errors, restated NAVs and difficult LP conversations.
Valuation of illiquid assets requires documented judgement, clear hierarchy disclosure and audit-ready support.
Errors in fee calculations can create serious financial, regulatory and reputational consequences.
Travel, research, technology and director fees need a defensible allocation policy across funds and entities.
ESR, CT, FATCA/CRS, CFT and Qualifying Investment Fund requirements require specialist treatment.
A complete accounting, tax and advisory function built around the way financial industry businesses actually work.
We manage trade capture, position reconciliation, T+1 P&L attribution and documented NAV sign-off against administrators.
We document CT, ESR and QIF positions, manage VAT on advisory fees, and ensure FATCA/CRS filings are submitted on time.
We prepare IFRS-compliant financials, fair-value disclosures, related-party notes and SPV-by-SPV audit packs.
We support LP reporting, capital calls, distribution waterfalls, expense-allocation policies, treasury and ODD preparation.
Tell us about your fund, structure, reporting process and current finance challenges. We’ll come back to you within one working day.
