You visit a manager, ask questions, and using your index finger and drop-down boxes, you click on predetermined responses. Mr Madoff, who is your auditor? Other. Is it independent? No, related by marriage. Danger, danger: warning, lost in hedge fund space. The due diligence information syncs up to a central server and the hedge fund team can investigate while the analyst is still on the road. Processes such as due diligence will become easier if the delivery medium is efficient. That’s why the iPad and competing devices are game-changers. They are also a bit of fun. When you finish your manager visit, you can log onto the iTunes store and download the new remastered Exile on Main Street album, plus offcuts and Mick Jagger interviews.
Alternatives
The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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