When you reflect on your funds due diligence process do you or your colleagues ever think – is our process robust? Do we ask all the right questions in the right way? Are they framed in a clear concise and unambiguous way? Are they complete and up to date? Are there things missing which I need to know about?
Or following a meeting with a fund manager – do we think that on reflection, did we get an answer to the question we actually asked?
If you do, then the chances are that you are not alone. Despite firms having existing due diligence processes, and close relationships with the fund managers, they recognise the ne...