Category: Due Diligence
-
Due Diligence 101: Not Even a G.D.’d Google Search?
It’s usually the first thing people do when they’re researching a new pair of shoes or a new restaurant or something. How, then, can someone not even do a basic Google search on the key principals of a fund or investment platform they’re considering investing in or partnering with? How,…
-
Due Diligence 101: Upholding Rigor Against a Tide of Compromise
This is how it should be done. With alternative investments, manager selection is crucial to success, and due diligence is the cornerstone of this process. As we’ve discussed in previous articles, far from being a simple checklist or rubber-stamp formality, due diligence is an in-depth exploration of a manager’s operations,…
-
Due Diligence 101: Best-in-Class?
Reality Check Call us old-fashioned if you want, but in our view, every movie isn’t Oscar-worthy, every kid doesn’t deserve a gold medal just for participating, and every fund manager isn’t ‘best-in-class’—sorry. While we appreciate their optimism, just making the claim in marketing materials doesn’t make it so. Like we’ve…
-
Due Diligence 101: The Front Line of Alternative Investment Success
LTCM, Amaranth Advisors, Madoff, Galleon—these are just a few of the due diligence horror stories older alternative investment professionals tell junior analysts at after-work cocktail hours to school them. Unfortunately for a number of investors, including some of the world’s most sophisticated institutions, these were more than just stories. The…