Duncan Administration

Our Team

Michael Lapat is a Manager of Duncan Administration Services, LLC and the President  of Turn Key Hedge Funds, Inc a startup hedge fund consultant launched in September 2000, where he developed the concept of the “Turn Key Hedge Fund” startup. From 2005 until 2009, he  served on the Board of Directors of the Hedge Fund Association, a non-profit association representing the hedge fund industry. In 2014 he co-founded with Ainsley Fuller and became a manager of Duncan Fund Administration Services, LLC, a hedge fund administration service company providing accounting, compliance, and management services to hedge funds, investment advisers, commodity pool operators commodity trading adviser and other financial services industry professionals. Previously he served as a managing member and compliance counsel to options trading hedge fund. He  is also counsel at Law Offices of Michael Lapat and Associates and serves as counsel to a number of hedge funds.

Michael Lapat is an attorney admitted to the practice of law in the states of Illinois in 1976, Florida in 1994, and New York in 2000; as well as the U.S. District Court for the Northern District of Illinois in 1980, U.S. Court of Appeals, 7th Circuit in 1984, U.S. Court of Appeals, 11th Circuit in 2013, U.S. District Court, Western District of Michigan, Southern Division, in 1992, U.S. Court of Federal Claims in 1994, U.S. District Court, Eastern District of Michigan in 1998, U.S. District Court Southern District of Florida in 1998. He is a graduate of University of Illinois, Champaign-Urbana, Illinois, where he received a Bachelor of Arts Degree in 1972 and is a graduate of the John Marshall Law School where he received a Juris Doctor Degree in 1976.

He successfully completed the FINRA Series 3, FINRA Series 30, NASD Series 7 and NASD Series 65 examinations; was a registered member of the NFA and an “Associated Person” of a Registered Commodity Pool Operator.  Mr. Lapat is also the recipient of the American Civil Liberties Union Recognition Award for Litigation and Support of Civil Rights awarded in 1985.



 

Ainsley Fuller is Vice President and Director of Technology of Turn Key Hedge Funds, Inc. and a Managing Member and Director of Technology of  Duncan Administration Services, LLC.  In 2014 he co-founded with Michael Lapat and became a Manager of Duncan Fund Administration Services, LLC, a hedge fund administration service company providing accounting, compliance, and management services to hedge funds, investment advisers, commodity pool operators commodity trading adviser and other financial services industry professionals. In his capacity as Vice President and Director of Technology of Turn Key Hedge Funds, Inc and Manager and Director of Technology of  Duncan Administration Services, LLC. Ainsley  services the general technology and reporting requirement of hedge fund managers. Mr. Fuller is Microsoft Certified and well versed with Microsoft Networking Solutions and Business Applications. He has been providing and implementing technology solutions as well as consulting services to a wide variety of business and organizations since 1994. He is equally experienced in network analysis, design, administration, and security. He is well versed in a wide variety of hardware & software configurations and the deployment of these technologies.

Duncan Administration Services, LLC. and its clients benefit from his knowledge and experience in computer networking and business applications. Technology makes the efficient process of processing hedge fund broker data possible. Mr. Fuller is available to promptly assist hedge fund managers and their traders in dealing with all their technology needs. He is available to perform a system analysis of their existing hardware and software configurations as well as to provide technology risk management consulting to improve and maintain trading technology.



 

Matthew B. Millman joined Turn Key Hedge Funds, Inc. in June 2011 and its wholly owned subsidiary, Duncan Administration Services, LLC, at its launch in 2014, where he serves both  firms in the role of corporation counsel. Mr. Millman is also “of counsel” to the affiliated Law Offices of Michael Lapat and Associates (collectively, the “Turn Key Companies”). Prior to affiliating with the Turn Key Companies, Mr. Millman was a practicing litigation attorney in New York City, focusing on commercial litigation, family law, and general business transactional matters. With this experience, he is able to guide the Turn Key Companies and their clients through the various complex legal issues that surround private securities offerings and the provision of investment advisory services. Mr. Millman advises the Turn Key Companies and their clients on compliance and legal issues relating to fund formation, regulation, and operation as well as advising on fund practices, procedures and optimization of offering terms.

Mr. Millman is a graduate of the Martin J. Whitman School of Management at Syracuse University, where he earned a Bachelor of Science Degree in Finance in May of 2004, and a graduate of Syracuse University College of Law, where he earned a Juris Doctor degree in May of 2007. He is an attorney duly admitted to the practice of law in the states of New York, New Jersey, and Florida.




 

Linda McDonald entered the financial industry and joined Turn Key Hedge Funds, Inc. in 2002 and its wholly owned subsidiary, Duncan Administration Services, LLC at its launch in 2014. She was initially employed in the company’s fund launch section. In that section Ms. McDonald was individually responsible for entity formations, state securities filings for Private Investment Companies, federal “Form D” filings, internal investor and fund document preparation and filing, fund investor relations, as well as coordination of monthly reporting. In January 2004, Ms.

McDonald directed “Fund Administration,” managing the company’s fund administration clients. In that capacity she was responsible for supervising, managing and directing launch and compliance management activities, entity formation, document preparation, Commodity Pool Operator Registration activities, Investment Advisor registration activities, as well as administrative client fund investor relations. Presently, Ms. McDonald manages Commodity Pool Operator (CPO) registration, Commodity Trading Advisor (CTA) registration, Investment Advisor registration (RIA) and IRA custody and rollover approvals, in addition to other duties described herein. Ms. McDonald has completed Ethics and Anti-Money Laundering training.



Adam Mirkin  joined Turn Key Hedge Funds, Inc. in 2007 and its wholly owned subsidiary, Duncan Administration Services, LLC at its launch in 2014. He serves as the company’s client reconciliation accountant. In this capacity he is responsible for various accounting and bookkeeping duties including, the reconciliation realized and unrealized gains and losses with the client’s brokerage statements. Adam also supervises video production division and is responsible for the supervision of production of promotional videos for fund web pages, offering materials and promotional pieces. In this capacity, Adam’s experiences include the management of art and photography projects for Orlando publications as well creating trademarks for various businesses.

Adam Mirkin is a graduate of the University of Central Florida, Orlando, Florida, where he studied marketing as well as art, photography, film, and computer graphics. He also studied art at the Chicago Art Institute, Urbino University, Urbino, Italy and Bergamo University, Bergamo, Italy. He furthered his study in film at the New York Film Academy.



Stasia Fuller joined Turn Key Hedge Funds, Inc. in 2007 and its wholly owned subsidiary, Duncan Administration Services, LLC at its launch in 2014.She  is the Senior Web Page Designer for the Marketing Division of the company. In 2002 she joined Clearwater Services, a computer software service provider as a web designer and marketing specialist. At Clearwater she gained extensive experience in web page design and in the marketing of websites for various industries ever since. She continues to provide consulting to Clearwater. As the company’s web page designer. She is responsible for registration of domain names, setup of web hosting accounts, creation of email addresses, development of compliant password-protected web pages and creative web design. Stasia Fuller is also responsible for uploading of the monthly performance reports on hedge fund websites. Stasia Fuller attended University of Tennessee, Knoxville and Florida Atlantic University, Ft. Lauderdale.



 

Howard J. Kaplan, CPA: Turn Key Hedge Funds, Inc. and Duncan Administration Services, LLC  have formed a strategic alliance with the accounting and consulting firm, Kaplan & Company (K&CO), based in Northbrook, Illinois (a suburb of Chicago), to provide independent auditing services to clients of Duncan Administration Services, LLC.  Mr. Kaplan is the Managing Partner of K&CO. Turn Key Hedge Funds, Inc. and Duncan Administration Services, LLC have formed this ongoing strategic relationship with K&CO to provide start-up consulting services, accounting services, auditing services, tax consultation and preparation services to private investment partnerships and offshore funds. Mr. Kaplan has been providing accounting and tax services to private partnerships since 1971. Prior to joining K&CO, he worked for one of the “Big Five” accounting firms where, in addition to providing auditing and tax services, he was involved in SEC matters and the preparation of SEC filings on behalf of firm clients. Mr. Kaplan is a graduate of Washington University (St. Louis, Missouri) with a Bachelor of Science in Business Administration. He is a member of the American Institute of Certified Public Accountants and also holds memberships in the tax section, consulting services section, personal financial planning and information technology sections of the American Institute of Certified Public Accountants. He is also a member of the Illinois Society of Certified Public Accountants where he has served on various committees. Mr. Kaplan has testified as an expert witness in Federal and State court on various matters. He has taught courses to other accountants for the American Institute of Certified Public Accountants. Mr. Kaplan has spoken before various groups on income tax and investment planning matters.



 

Maurice Berkower, CPA: Turn Key Hedge Funds, Inc. and Duncan Administration Services, LLC. have formed a strategic alliance with the accounting and consulting firm Demetrius Berkower LLC. Maurice Berkower, CPA, is an audit principal at Demetrius Berkower LLC (DB) and a managing director of Rankin Berkower (Cayman) Ltd. (RB) and is a leader of their respective financial services practice groups.

DB and RB provide start-up consulting services, accounting services, auditing services, tax consultation and preparation services to nearly 300 private investment partnerships and offshore funds. These services include maintenance of partners’ capital accounts on an economic and tax basis and net asset value computations.

Mr. Berkower has been providing accounting and accounting services to investment partnerships, offshore funds, securities broker-dealers, and private investment companies since 1975.

Mr. Berkower is a graduate of Brooklyn College with a Bachelor of Science in Accounting and a graduate of Baruch College with a Masters of Business Administration in Taxation. He serves on the New York State Society Stock Brokerage Accounting, Investment Management, Investment Companies and Private Equity committees. He is also a member of the American Institute of Certified Public Accountants, the New Jersey and New York State Societies of Certified Public Accountants, as well as other nonprofit, and charitable organizations.

Mr. Berkower has contributed accounting and consulting articles to The CPA Journal, various community and local newspapers, as well as presented various educational and informational seminars and programs to other accountants, bankers, attorneys, hedge fund managers and industry professionals.