0001145549-19-017331.txt : 20190614 0001145549-19-017331.hdr.sgml : 20190614 20190614120506 ACCESSION NUMBER: 0001145549-19-017331 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190614 DATE AS OF CHANGE: 20190614 EFFECTIVENESS DATE: 20190614 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Infinity Long/Short Equity Fund, LLC CENTRAL INDEX KEY: 0001687430 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23297 FILM NUMBER: 19898019 BUSINESS ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 235 WEST GALENA STREET CITY: MILWAUKEE STATE: WI ZIP: 53212 BUSINESS PHONE: (877) 775-7751 MAIL ADDRESS: STREET 1: C/O UMB FUND SERVICES, INC. STREET 2: 235 WEST GALENA STREET CITY: MILWAUKEE STATE: WI ZIP: 53212 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001687430 XXXXXXXX true false false N-2 Infinity Long/Short Equity Fund, LLC 811-23297 0001687430 549300ZUBF3HMYDIYM83 235 WEST GALENA STREET MILWAUKEE 532123948 US-WI US 4142992000 UMB FUND SERVICES, INC. 235 WEST GALENA STREET MILWAUKEE 53212 4142992000 TRANSFER AGENT, FUND ACCOUNTANT AND ADMINISTRATOR UMB BANK, N.A. 928 GRAND BOULEVARD, 5TH FLOOR KANSAS CITY 64106 8168601142 CUSTODIAN Infinity Capital Advisors, LLC 1075 Peachtree Street, Suite 2125 Atlanta 30309 4044584448 ADVISER Foreside Fund Services, LLC Three Canal Plaza, Suite 100 PORTLAND 04101 8662516920 DISTRIBUTOR Y N N N-2 N David G. Lee N/A N Anthony Fischer 001205488 Y Robert Seyferth N/A N Perpetua Seidenberg 006308298 223 Wilmington W Chester Pike Chadds Ford 19317 XXXXXX N N N N N N N Foreside Fund Services, LLC. 8-51293 000046106 N/A N N GRANT THORNTON LLP 00248 549300V6SBN782HF4N65 N N N N N N N Infinity Long/Short Equity Fund, LLC 549300ZUBF3HMYDIYM83 Y Fund of Funds Y N Y N N/A N/A N/A N/A Y Y Y N Infinity Capital Advisors, LLC 801-73090 000159852 N/A N UMB FUND SERVICES, INC. 84-05792 N/A Y N N N UMB BANK, NATIONAL ASSOCIATION VNOO6EITDJ2YUEBMSZ83 Y N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N UMB FUND SERVICES, INC. 084-05792 SEC File Number Y N N UMB FUND SERVICES, INC. 084-05792 SEC File Number Y N N 0.000000000000 0.000000000000 N 19454974.000000000000 Common stock Infinity Long/Short Equity Fund, LLC N N Common stock N N N 1.250000000000 1.560000000000 N/A 1093.880000000000 true INTERNAL CONTROL RPT 2 internalcontrol.htm INTERNAL CONTROL LETTER HTML

 

GRANT THORNTON LLP

Grant Thornton Tower

171 N. Clark Street, Suite 200

Chicago, IL 60601-3370

 

D +1 312 856 0200

F +1 312 565 4719

   

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

Board of Managers and Members of

Infinity Long/Short Equity Fund, LLC

 

In planning and performing our audit of the financial statements of Infinity Long/Short Equity Fund, LLC (the “Fund”) as of and for the year ended March 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing audit procedures for the purpose of expressing an opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

 

Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the fund’s assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or the degree of compliance with policies and procedures may deteriorate.

 

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

 

 

GT.COM

   

 

Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and each of its member firms are separate legal entities and are not a worldwide partnership.

       

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, which we consider to be material weaknesses as defined above as of March 31, 2019.

 

This report is intended solely for the information and use of management and the Board of Managers of Infinity Long/Short Equity Fund and the U.S. Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

 

/s/ GRANT THORNTON LLP

 

Chicago, Illinois

May 30, 2019