The evolution of due diligence Part 5 – PAMCO: last year’s events have merely provided further validation for heavy resource commitment to DD

Benedicte Gravrand, Opalesque London:

Some funds of hedge funds (FoHFs) and due diligence (DD) providers have had to review their methodology since the beginning of the credit crunch and the subsequent uncovering of frauds such as Madoff’s. Opalesque spoke to several industry players about their approach. Our conversations are presented in a Q&A format – as are DD forms.

Most of the FoHFs interviewed for this series said they had not re-organised their DD resources – they had been doing it right all along – although one said that “meaningful evolutions were implemented in the second half of 2008.” Although no new risk areas have been introduced since last year, all managers t………………….

 

For full article :  http://www.opalesque.com/56048/The_evolution_of_due_diligence_Part_5048.html