LaCrosse Global Fund Services

Our operations services include facilitation of prime broker communications, trade confirmation and confirm review, settlement of non-prime broker transactions, reconciliations, cash and collateral management, distressed debt operations and derivatives operations.

We provide full operational support for confirmation, settlement and position maintenance for cash, derivative and privately placed instruments, including equity derivatives, interest rate derivatives, credit derivatives, currency derivatives, commodity derivatives, structured products, distressed debt, private equity, loans and other private credit instruments.

LaCrosse Global Fund Services has proven expertise supporting transactions in more than 45 different major and emerging markets, covering both synthetic and cash-settled transactions in a variety of asset classes. We monitor requirements in each country, while maintaining a detailed understanding of local practices and market conventions.

Daily, unreconciled P&L by portfolio and strategy are provided by 6:30 a.m. local time, every trading day, in every portfolio manager location. These reports include accruals and corporate actions, as well as management and performance fee estimates.

Full reconciliation of P&L and NAV estimates are available by noon local time. Included in these services are street-side reconciliation to prime brokers, custodians, banks and counterparties. In addition, we include a written explanation of differences due to price, quantity and foreign exchange and a breakdown of P&L components including mark-to-market, interest, dividends, corporate actions and foreign exchange. Reconciliations are performed at the portfolio, strategy or product level, depending on a fund manager’s preferences.

LaCrosse Global Fund Services also includes pricing and valuation as part of our middle-office support. Daily valuations for all exchange traded, published or modeled positions (where inputs are published) can be requested as needed by the fund manager, along with valuations for instruments that require solicited broker quotes.

Our dedicated valuation team provides expertise on complex valuations, monitors compliance with valuation policies, and provides exception reporting. In addition, a valuation committee meets monthly to ensure that policies and procedures are implemented effectively.

Operating in 10 global locations on a single, global technology platform, we are able to provide 24 hour a day, six days a week support for fund managers, wherever they are located and whatever markets they trade.