This study seeks to develop a transparent benchmark against which operational due diligence fra
meworks may be compared. Key study findings include:• Only 27% of fund of hedge funds have a full time person on staff or team dedicated to fraud detection
• There are less resources are dedicated to operational due diligence in the US as compared to the rest of the world(Asia and Europe)
• There is lack of consistency in fund of hedge funds operational due diligence approaches
• Smaller fund of hedge funds (under USD $1 billion) use a wide variety of operational due diligence frameworks with less dedicated resources
The full study can be read on here.
Click here to discuss this post
Permalink
No comments:
Post a Comment