New York (HedgeCo.net) – AIS Fund Administration (AIS) announced today the appointment of Dan J. Schulman Esq. as general counsel to AIS and its affiliated companies. Mr. Schulman has extensive experience, spanning a quarter-century, representing fund administrators, hedge funds, broker/dealers, prime brokers and multiple other financial institutions.

Paul Chain, AIS President, said, “Dan brings to AIS, as counsel, a breadth of expertise and constructive advice that is invaluable, and we look forward to having him aboard as a permanent and beneficial part of the team. Given the many and complex issues on the horizon relating to compliance, the need for transparency, and additional regulatory oversight, just to name a few, Dan’s experience and insights in the financial markets will be advantageous to AIS, the funds we service and, ultimately, the investors in those funds.”

With offices in New Jersey, London and the Cayman Islands; AIS provides an outsourced solution for the middle and back office to hedge funds, as well as fund administration. The AIS team consists of experts who specialize in the operational and financial matters critical to the smooth day-to-day operations of a fund. AIS’ offering includes daily reconciliation of trades, positions and cash. Managers have access to over 150 daily reports through AISdirect™ including attribution, financial accounting, operational and daily NAV. All reports have been designed with a CFO in mind, are GAAP compliant and audit friendly.