Top 25 Fund Auditor League Tables

Detailed monthly insights into the Fund Type and Investment Strategies of the 600+ Auditors in our database and their Net Asset Values.

You will gain an unprecedented holistic view of the entire 600+ Fund Auditor eco-system.

The League Table is downloadable in a PDF format.

You will receive the League Tables within 2 business days after purchase.

Yes - they are an annual subscription and you will receive updates on the second Monday of each month.

Yes, please email info@convergenceinc.com.

Hedge Funds: A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction and risk management techniques to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing except to institutional investors, high net worth individuals and others who are considered sufficiently sophisticated. Generally, hedge funds are open-ended and they receive performance fees on unrealized gains.

Private Equity Funds: Private equity is a type of equity and one of the asset classes consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange. A private-equity investment will generally be made by a private-equity firm, a venture capital firm or an angel investor. Each of these categories of investors has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new-product development, or restructuring of the company's operations, management, or ownership. Private Equity funds are generally closed-ended and only receive performance fees on realized gains.

Private Credit Funds: A private credit fund is a pool of capital that invests in loans to private companies. The loans are usually made by non-bank lenders, such as private equity firms and alternative asset managers, to small and medium-sized businesses. The loans are often used to provide capital to companies that might not otherwise be able to access traditional loan markets. 

Private credit funds are often structured as limited partnerships or limited liability companies. A general partner or manager sources and evaluates potential investments and has the discretion to make investments for the fund. 

Private credit funds can provide investors with a number of benefits, including: 

• Diversification: Debt is less correlated with equity markets, so private credit can help diversify a portfolio. 
• Predictable returns: Private credit can provide predictable returns. 
• Priority in bankruptcy: In the event of bankruptcy, private credit investors have priority for repayment. 
• Flexibility: Private credit investors have the flexibility to manage risk. 

Private credit is also known as direct lending.

Real Estate Funds: A real estate fund is a collection of investor money that's used to buy, manage, and sell real estate properties. Investors earn money from real estate funds through rental income and property value appreciation. 

Real estate funds can be structured in a variety of ways, including as mutual funds, exchange-traded funds (ETFs), or real estate investment trusts (REITs). Real estate funds differ from REITs in a few ways:

• Tax status: REITs must distribute 90% of their taxable income to shareholders to maintain their tax-advantaged status, while real estate funds don't have to follow this rule.
• Diversification: Real estate funds are usually more diversified than REITs, which typically focus on one type of property.
• Returns: Real estate funds often earn returns for investors through capital appreciation, while REITs earn returns through dividend payments. 

Real estate funds can be public or private, with private funds often only accessible to accredited investors. Investors can access real estate portfolios without directly owning property, but they are exposed to the volatility of the real estate market

Venture Capital Funds: Venture capital funds are pooled investment funds that manage the money of investors who seek private equity stakes in startups and small- to medium-sized enterprises with strong growth potential. These investments are generally characterized as very high-risk/high-return opportunities. In the past, venture capital (VC) investments were only accessible to professional venture capitalists, but now accredited investors have a greater ability to take part in venture capital investments.

Other Funds: The SEC defines an "other private fund" as a private fund that is not a hedge fund, liquidity fund, private equity fund, real estate fund, securitized asset fund, or venture capital fund. This often includes employee funds, co-investment funds, parallel funds and non-US registered funds that are included in an investment advisers’ regulatory assets under management. For example, a UCIT or Undertaking for Collective Investment in Transferable Securities, is a type of investment fund that is regulated by the European Union and usually structured like mutual funds, exchange traded funds, or money market funds.

SAF Funds: Securitized products are pools of financial assets that are brought together to create a new security, which is then divided and sold to investors. Since the value and cash flows of the new asset are based on its underlying securities, these investments can be hard to analyze, but they have their benefits. Mortgages (residential and commercial), credit card receivables, auto loans, student loans, etc. can each be pooled together to create securitizations.

Liquidity Funds: Private liquidity funds entered the SEC vocabulary as the result of the February 2010 money market fund reform, which required private fund investment advisors to file Form PF by December 2012. The SEC defines liquidity funds as “any private fund that seeks to generate income by investing in a portfolio of short term obligations in order to maintain a stable net asset value per unit or minimize principal volatility for investors.”

Funds not Listed: We offer custom League Tables when the number of private and public funds is small. For example, League Tables for Business Development Companies, Interval Funds, Special Purpose Acquisition Companies and Tender Offer Funds. Please contact George Evans at gevans@convergenceinc.com.