PKF O’Connor Davies Launches Administration Services for Cryptocurrency Funds

O’Connor Davies Administration, a subsidiary of New York-based PKF O’Connor Davies (FY16 net revenue of $146.6 million), launched a new administration service offering for cryptocurrency hedge funds.

“O’Connor Davies Administration has deep experience and expertise in alternative investments, including valuing cryptocurrency assets and providing timely and accurate financial reporting,” says Marc Rinaldi, PIC of the financial services practice. “Three cryptocurrency hedge funds already rely on our team to provide fund administration services, and we’re eager to expand our impact in this area with a formalized approach and established offering.”

O’Connor Davies Administration manages cryptocurrency valuation on a fund-by-fund basis based on the fund’s private placement memorandum and specific valuation policies. It provides core services in helping cryptocurrency funds with a variety of holdings successfully manage and value their assets.