If you ask “how is portfolio accounting different from fund accounting,” you raise a legitimate point. It would not be incorrect to say “same thing,” but at Nottingham we view the functions a bit different. Fund accounting uses share balances to calculate a net asset value per share. Portfolio accounting takes the total value of a portfolio and allocates by percentages of ownership. Another way of looking at the comparison is the tax reporting. Net asset value reporting results in 1099s while portfolio accounting results in K-1 partnership allocations. Nottingham is one of the few fund administration firms in the industry with such significant expertise in both types of structures.

Portfolio Accounting for Religious Organizations

Nottingham has been a pioneer with two types of accounts where efficiencies in management and operations are generated through combining multiple participant accounts into much larger investment management accounts. Beginning in the middle 1990s Nottingham helped a number of religious affiliated organizations (hospitals, school organizations and local and national dioceses) combine investment pools for efficiency. The primary issue is to properly allocate the income, dividends, realized and unrealized gains and cost basis. By using unitized accounting principles from our mutual fund accounting background, Nottingham has developed a highly accurate process that allows for daily entry and exit.


What a pleasure talking with you yesterday. I am thrilled to have discovered Nottingham.

-VP Asset Management, West Coast

I looked at 15-20 admin firms, firms all over the country, but when I walked into Nottingham, I knew. I had a very favorable, personable impression from the outset.

-Hedge Fund Manager

I’ve always been impressed with the depth offered in terms of reporting and customization. They are so accommodating and always handle my report requests in a very timely manner.

-East Coast-Based Hedge Fund Manager

Our relationship with Nottingham has improved the effectiveness and efficiency of what I’ve been able to do for the endowment. There has not been one thing we’ve asked for that they’ve not come up with a way to address our request.

-Endowment Advisor, Wachovia Securities

Each person that I work with or have worked with over the years is very genuine. They are all well-intended, hardworking people, and I’ve always liked that about Nottingham.

-Chief Investment Officer, Mutual Fund

The greatest benefit of working with Nottingham is being able to pick up the phone, call, and get a person on the other end. The personal service is everything to us.

-Head of Administration, Mutual Fund

Your staff took care of everything perfectly and are a pleasure to work with. We look forward with great anticipation to our next Nottingham visit.

-Managing Director, Mutual Fund

You guys have never treated me like the small fish that I am. Your team has always done an excellent job for me and my shareholders and for that I’m a very thankful, loyal customer.

-North Carolina-Based Hedge Fund Manager

It is so nice to have an organization that works so hard on our behalf. You have made me feel so comfortable about the transition from my previous provider. I’ve been in business since I was 15 years old, and I have never met a group of people that I liked as much from day one as the folks at Nottingham.

-East Coast-Based Hedge Fund Manager

Portfolio Accounting for Government Investment Pools

Government investment pools, where city, county and special districts are able to combine their investments for purchasing power and operating expense efficiency, is another area of singular expertise. Nottingham has been asked to work with government investment pools in some of the largest jurisdictions in the United States, and is working with multiple national organizations comprised of cities, counties and states to provide access to similar efficiencies on a larger scale. Stay tuned for future announcements of existing government investment pools organized as QIB funds with governance under Section 115 of the Internal Revenue Code.

Partner not simply a vendor

The best compliment that our clients have historically paid to the Nottingham team is that we treat them, and they feel like, partners. We well recognize that a rising tide floats all boats, and when we are in a position to help our clients achieve success that is our first goal and primary mission. We believe that specialization and the compliance issues in the securities and fund industry demand a high level of knowledge and experience, and is not a set of functions that most investment advisors or fund sponsors can or should attempt in house. But we at Nottingham can be an extension of your back office, and we make every effort to be seamless in that regard.


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About Nottingham

Nottingham has been serving the fund accounting, administration, organization, and management needs of clients nationwide for nearly three decades. Based in Eastern North Carolina, Nottingham delivers a full range of turnkey services, handling clients’ behind-the-scenes financial and administrative operations so they can focus on managing their portfolios.

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  • 116 South Franklin Street
    Rocky Mount, NC 27804
  • Phone: 252. 972.9922
  • Fax: 252.442.4226