PKF O’Connor Davies’ Alan Kufeld Publishes New Guide to Converting Hedge Funds to Family Offices

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Article outlines key factors investment fund managers must consider before a conversion to a family office

PKF O’Connor Davies, LLP, the nation’s 26th largest accounting and advisory firm, today announced the release of “From Hedge Fund to Family Office: Making the Right Choices for Your Investment Business and Family,” an article written by Partner Alan S. Kufeld. The new piece explores the intricacies of converting from a hedge fund into a family office and discusses how investment managers can leverage their expertise to properly structure their new business. The article is available on the Insights section of the PKF O’Connor Davies website.

“Converting to a family office is a trend that we have been monitoring for some time. Increased regulation and inconsistent market performance has led to the growing numbers,” said Kufeld. “There are key considerations – which have traditionally been under the radar – which managers should consider. This article brings those considerations to the forefront so that investment leaders can be primed and prepared to make the right decision for their business.”

Kufeld’s piece identifies a number of key points that hedge fund managers should consider and evaluate before making any big decisions. Those considerations start at the foundation with operational structure. Managers need to decide if they want a single-, multi- or hybrid family office structure because each carry different advantages and challenges. In the article, he also covers:

  • Timing
  • Liquidation
  • Management and leadership teams
  • Risk and compliance
  • Tax planning
  • Governance
  • Other services/functions

Kufeld brings deep expertise in the lifecycle of hedge funds and launching family offices to his thought leadership pieces. His diverse experience in other areas like accounting, tax planning and specialized strategies gives him unique insight that can help managers avoid potential pitfalls.

About PKF O’Connor Davies, LLP

PKF O’Connor Davies, LLP is a full service Certified Public Accounting and advisory firm with a long history of serving clients both domestically and internationally. With roots tracing to 1891, eight offices in New York, New Jersey, Connecticut and Maryland, and more than 600 professionals, led by over 100 partners, the Firm provides a complete range of accounting, auditing, tax and management advisory services.

PKF O’Connor Davies is ranked number 26 in Accounting Today’s 2016 “Top 100 Firms” list and the Firm is also recognized as a “Leader in Audit and Accounting,” a “Pacesetter in Growth” and one of the “Top Firms in the Mid-Atlantic.” PKF O’Connor Davies is ranked number 29 in INSIDE Public Accounting’s 2015 “Top 100 Firms” list and recognized as one of the “Top Ten Fastest-Growing Firms." In 2016, PKF O'Connor Davies was named one of Vault's Accounting 50, a ranking of the 50 best accounting employers to work for in North America, and ranked among the top 50 most prestigious accounting firms in America in a complementary Vault survey. The Firm is the 11th largest accounting firm in the New York Metropolitan area, according to Crain’s New York Business, and was named the 10th top accounting firm in New Jersey according to NJBiz’s 2016 rankings.

By consistently delivering proactive, thorough and efficient service, PKF O'Connor Davies has built long-lasting, valuable relationships with its clients. Partners are intimately involved in the day-to-day management of engagements, ensuring a high degree of client service and cost effectiveness. The Firm’s seasoned professional staff members employ a team approach to all engagements to provide clients with the utmost quality and timely services aimed at helping them succeed. Continuity of staffing and attention to detail in all client engagements make the Firm stand out among its competitors.

PKF O’Connor Davies is the lead North American representative of the international association of PKF member firms. PKF International is a network of legally independent member firms providing accounting and business advisory services in 440 locations in 150 countries around the world. With its tradition, experience and focus on the future, PKF O’Connor Davies is ready to help clients meet today’s ever-changing economic conditions and manage the growing complexities of the regulatory environment. For more information, visit

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Kathleen O'Toole
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