ASSET & WEALTH · FUND STRUCTURES
Hedge Fund
Market Framework
Allocator diligence starts with the documents, not the track record, and the terms you set at formation are the terms you defend for the life of the fund. We put that structure in place before the first close — offering documentation, prime brokerage and custody, NAV and valuation policy, risk and exposure monitoring, and investor onboarding.
THE SPECIFICATION
Architecture & Audience
A hedge fund is a set of terms as much as a strategy: what it may hold, what leverage it may use, when investors may leave, and how performance is calculated and crystallized. Institutional allocators read those terms before they read the track record. A fund whose documents were assembled from a template will be identified as such in the first meeting that matters.
Managers with an evidenced strategy raising external capital for the first time; teams launching from an established platform; and family capital being formalized into a vehicle open to outside investors.
What We Deliver
A complete architecture, designed, launched, and managed
We determine the optimal legal domicile and fund structure for your strategy, investor base, and distribution targets. Domicile is a commercial and regulatory decision, not a default.
We draft the performance economics — management fee, hurdle rate, high-water mark, and crystallization schedule — that are defensible to allocators and durable through a drawdown period.
We design the redemption mechanics and liquidity protections appropriate for your strategy and portfolio composition. Terms are set at formation and govern the fund for its entire life.
We source and appoint the service providers required to satisfy your domicile, regulator, and institutional allocators. Provider quality is assessed against your specific investor base.
We negotiate and establish prime brokerage agreements that match your leverage, asset class, and rehypothecation requirements. Financing terms are benchmarked and stress-tested before signing.
We establish an independent, regulator-ready valuation methodology with documented pricing sources, override procedures, and side-pocket governance. The policy survives an ODD review.
We implement the investor verification and classification process required to accept subscriptions from institutional and private investors. The process satisfies FATF standards and allocator expectations.
We prepare the fund to pass the ODD process that institutional allocators conduct before committing capital. Systems, controls, and documentation are built to the standard large allocators require.
We deliver the ongoing investor reporting and regulatory submissions required by your domicile and investor obligations. Reports are delivered on schedule, in the format each jurisdiction requires.
What We Deliver
A complete architecture, designed, launched, and managed
We determine the optimal legal domicile and fund structure for your strategy, investor base, and distribution targets. Domicile is a commercial and regulatory decision, not a default.
We draft the performance economics — management fee, hurdle rate, high-water mark, and crystallization schedule — that are defensible to allocators and durable through a drawdown period.
We design the redemption mechanics and liquidity protections appropriate for your strategy and portfolio composition. Terms are set at formation and govern the fund for its entire life.
We source and appoint the service providers required to satisfy your domicile, regulator, and institutional allocators. Provider quality is assessed against your specific investor base.
We negotiate and establish prime brokerage agreements that match your leverage, asset class, and rehypothecation requirements. Financing terms are benchmarked and stress-tested before signing.
We establish an independent, regulator-ready valuation methodology with documented pricing sources, override procedures, and side-pocket governance. The policy survives an ODD review.
We implement the investor verification and classification process required to accept subscriptions from institutional and private investors. The process satisfies FATF standards and allocator expectations.
We prepare the fund to pass the ODD process that institutional allocators conduct before committing capital. Systems, controls, and documentation are built to the standard large allocators require.
We deliver the ongoing investor reporting and regulatory submissions required by your domicile and investor obligations. Reports are delivered on schedule, in the format each jurisdiction requires.
Infrastructure Selection
X-CHASE holds no commercial interest in any provider, assessing them strictly on live performance, structural fit, and renewal terms. Providers are named exclusively under formal engagement, never on a public website.