Fund of Funds
As the marketplace for alternative investments has increasingly institutionalized, performance of a background check by a third-party such as FRM provides one of the additional layers that Limited Partners are increasingly demanding be included as part of the diligence process. Over the past five years, FRM’s investigative team has performed thousands of investigations of hedge fund managers and private equity managers on behalf of fund of funds. FRM’s research allows a fund of fund the ability to intelligently explore and address issues in a managers’ past in order to provide the solid grounding to pursue the investment relationship.
Our research concentrates on a review of criminal, legal, regulatory, and media filings along with confirming historical timelines of a manager’s education and employment history. We also routinely perform discreet and, or non-discreet interviews of industry peers and competitors who may have a first hand knowledge of management in order to round out the profile of the manager’s character, reputation, and integrity. FRM does make a certain degree of inquiries into the manager’s personal lifestyle. Our interest in the manager’s personal lifestyle is only insofar as lifestyle might affect the day-to-day ability to remain focused on business strategy.
FRM performs research in all major financial hubs throughout the world by way of an international network of investigators. We can easily stage assignments on multiple continents. Since many of FRM’s review processes are standardized, we can accomplish most assignments in less than fifteen (15) business days regardless as to geographic locale.
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