Manager Due Diligence

We thoroughly review and evaluate all of our potential managers. Some of the key qualities we require are:

• High Integrity – Through detailed background analysis, including hiring of private investigators and substantial reference work, as well as our own independent audits of managers' back office and controls, we evaluate each manager's integrity extensively.
• Strong and Competent Organization – Many managers might be good analysts but are unable to build and manage their organizations. Without this competency, decision-making can become problematic, staff retention can deteriorate and performance will ultimately be affected. Therefore, we interview many people in an organization as well as those who have departed, and we spend time watching the decision-making process in action.
• Consistent Strategy Execution – By evaluating current and historical portfolios we are able to determine that the strategy we are investing in has been applied consistently over time and can continue to be implemented in the future.
• Successful Track Record – We have developed advanced quantitative tools that enable us to evaluate managers in terms of added risk, attribution of performance and style. These data points provide meaningful input into the due diligence process. This in turn enables us to ask more effective questions and make better-informed decisions.