Services
Fund Operations & Legal Structuring
Institutional infrastructure and legal framework for managers and allocators.
Institutional infrastructure and legal framework for managers and allocators.
Hydra provides end-to-end operational and legal infrastructure for fund managers and allocators entering the managed futures space. Our team manages the complexity of entity formation, brokerage relationships, fund administration, and compliance — so managers can focus on trading and allocators can focus on portfolio construction.
Whether you are launching a new fund, restructuring an existing program, or seeking a more efficient access vehicle for managed futures, Hydra's operations team brings deep experience in the specific requirements of CTA structures, including CFTC registration, managed account documentation, and prime brokerage onboarding.
Advice and execution support for structuring new managed account vehicles, LP funds, and offshore equivalents.
Preparation and negotiation of limited trading authorizations, investment management agreements, and side letters.
Full support through CFTC registration, NFA membership, and ongoing regulatory compliance for CTAs and CPOs.
Daily NAV calculation, investor capital account statements, and month-end reconciliation against prime brokers.
Introduction and onboarding to major prime brokers, plus ongoing margin and financing relationship management.
Automated performance reports, tax documents, and audit support for investor communications and regulatory filings.
Real-time visibility into account exposures, sector allocations, and P&L performance — not end-of-month PDFs. Live data accessible at any point during the trading day, giving risk officers and CIOs the information they need when they need it.
Custom reporting across accounts, managers, and asset classes — built for investment committees, risk teams, and compliance functions. Monthly attribution, benchmark comparisons, drawdown analysis, and full audit trails.
Deploy capital at a fraction of nominal exposure while maintaining full CTA strategy access. Hydra's notional funding structures improve overall portfolio capital efficiency — a key structural advantage over commingled fund vehicles.
No lock-ups, no gates, no 90-day redemption queues. Hydra's separately managed account structure provides daily and semi-monthly liquidity options — matching the cash management requirements of institutional mandates.
Whether you're launching a new program or restructuring an existing one, our operations team can guide you through every step.