Investment Process
Top-Down Research
Due Diligence
Review fund documents: prospectus, DDQ, audited financial statements, IMA Articles of Association, etc
Corroboration of manager pedigree
Seek references from previous service providers, colleagues, or managers (where possible)
Onsite meeting and verification with senior personnel such as the Chief Operating Officer, Chief Financial Officer, Compliance Officer and Risk Officer
Independent background checks on key principles
Third-party independent verification of all of the above
AUM verification