March 06, 2010
Due Diligence on Managed Accounts - Essential or Irrelevant?
One of the core topics at the recent GAIM Ops Cayman conference was, unsurprisingly, managed accounts. One speaker at the conference gave the statistic that, of an industry that may top $4 trillion in assets by 2015, 25% of this...
Posted at 07:00 PM
February 27, 2010
Operations and the impact of being multi-prime
A new study by Greenwich Associates in partnership with Omgeo (available here) provides some helpful data on the evolution of hedge funds' operations in the post Lehman, multi prime environment. The paper makes a number of points, confirming firstly the...
Posted at 07:00 PM
February 23, 2010
Can you ask an administrator what is in a portfolio?
Each year, Castle Hall completes operational due diligence on several hundred hedge funds. As part of that process, we speak with each administrator to both understand and evaluate the quality of that admin's procedures, and also to corroborate information provided...
Posted at 07:00 PM in Administrators
February 04, 2010
Scissors and Glue...Cut and Paste
In recent posts, we have touched on the "neverending staircase" where responsibility for the valuation process is passed in a perpetual and unresolved circle between fund, administrator, manager and directors. We have also reviewed the recent AIMA guidance on fund...
Posted at 07:00 PM
