Rothstein Kass Publishes “Alternative Investment Fund Proforma Financial Statements Reference Manual” for 2013

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Guide for Financial Statement Preparers Includes Updates on Industry Advancements to Enhance Transparency and Reporting Consistency

The fourth annual “Alternative Investment Fund ProForma Financial Statements Reference Manual,” published today by Rothstein Kass (, a leading national professional services firm, provides the alternative investment community with a comprehensive guidebook of sample pro forma financial statement templates for domestic, offshore, master/feeder and fund of funds structures. The manual includes financial statement templates for Domestic Fund, L.P.; Offshore Fund, Ltd.; Master Fund, L.P.; Domestic Feeder, L.P.; and Offshore Feeder, Ltd. Structures, and has been updated to reflect the latest developments in the efforts to enhance comparability and consistency of reporting and ensure accuracy and transparency.

“The hedge fund industry has continued to evolve over the past year, with regulations mounting,” said Ralph Natilli, Principal. “While some ongoing concerns, such as capital-raising, remain the same, and positive trends in institutional investing continue, the ever-changing regulatory environment has made the financial reporting process significantly more complex.”

Designed to help clients retain focus on long-term objectives and on the business of managing assets, the reference manual includes sample templates for the statement of financial condition, statement of operations, statement of changes in partners’ capital, statement of cash flows and a condensed schedule of investments. Drawing on Rothstein Kass’ industry-leading knowledge and deep expertise in the alternative investment sector, the manual also includes an extensive “notes to financial statements” section for every fund. This section includes a variety of reference information and explanations on the nature of operations and summary of significant accounting policies, fair value measurements, investments in private investment companies, amounts due from/to brokers, derivative contracts, securities purchased under agreements to resell and securities sold under agreements to repurchase, securities lending agreements, securities sold short, concentration of credit risk, partners’ capital, related party transactions, administrative fee, financial highlights and subsequent events.

“We are confident that the changes in the regulatory environment will help further the positive trends in investor confidence in the alternative investment space by enhancing accuracy and making statements more transparent to investors,” said Ralph Natilli, Principal. “Therefore, we've been careful to incorporate all applicable changes into this year’s guide. Having close ties to this community for decades, we are committed to developing value-add solutions for our clients that make their reporting processes more efficient so they can focus on business objectives and managing investor assets.”

A copy of the guide is available by visiting

About Rothstein Kass:

Founded in 1959, Rothstein Kass is a premier professional services firm serving privately-held and publicly-traded companies, as well as high-net-worth individuals and families. With more than 1,000 professionals, the firm provides accounting, advisory, auditing and tax services, as well as a full array of integrated services such as litigation and forensic consulting and concierge and tax accounting to clients across industry spectrums and in all stages of development. Rothstein Kass is widely recognized as a leader in the financial services space, consistently ranking among the top CPA firms serving the Hedge Fund, Private Equity, Venture Capital, Broker Dealer and Family Office segments.

At the core of Rothstein Kass’ remarkable success is a commitment to hiring, developing and retaining employees with the same entrepreneurial spirit that permeates the sophisticated business and financial services communities the firm serves.

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Kathleen O'Toole
Rothstein Kass
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