Due Diligence on Hedge Funds Course
|
Location: London (Central) |
Dates: 26.11.2012 - 27.11.2012 | Duration: 2 Days | Price: 999.00 GBP |
|
Topics: purpose of due diligence, its objectives as well as its various forms. It also examines the several dimensions of due diligence including risk assessment, operations, valuation and administration. Objectives: the delegates such as investors (pension funds, endowments, hedge fund of funds and family offices), advisers, service providers and third parties will learn all key aspects of operational hedge fund due diligence. Format: presentations by trainer, interactive discussions between trainer and delegates, case studies and exercises by delegates WHAT YOU WILL LEARN: Course categories:Asset Management Courses, Hedge Funds Courses, Risk Management Courses, Asset Management Inhouse, Hedge Funds Inhouse, Risk Management Inhouse |
|||
|
INTRODUCTION Purpose of due diligence: objectives and stages. Who carries out due diligence? Pre-due diligence: objectives, material and timeframe. DUE DILIGENCE PREPARATION Gathering of marketing material; funds offering and subscriptions documents; due diligence questionnaire; audited financial statements; performance track record; assets under management by funds and managed accounts; organisational chart; contacts at service providers; funds code of ethics; compliance manual, and annual compliance review; copy of most recent SEC audit with response letter (visit preparation with CFO or COO if applicable). MAIN DUE DILIGENCE Project management; on-site and off-site due diligence; due diligence of different strategies (Long/Short, Arbitrage, Global Macro); what are the financial instruments used for in the fund; which regions and markets does the fund invest in; what is the due diligence on small firms vs. large firms; what is the risk profile of the fund? Case Study: The Madoff scam and how to spot red flags |
VARIOUS FORMS OF DUE DILIGENCE Due diligence on marketing material, legal and risk reports; desk due diligence: sources and requirements, background checks, verification of the funds track record, compliance tests, biographies of principals and key management; private detectives; informal due diligence. RISK ASSESSMENT, OPERATIONS, VALUATION, ADMINISTRATION Due diligence covers several dimensions: risk management of the fund (instruments, exceeding of maximums, tolerance, stop-loss); operations (number of prime brokers, number of trades, IT systems, trade allocation process); valuation (mark to market, frequency of reconciliation, NAV calculation); administration (systems, disaster recovery plan, code of ethics). OUTCOME OF DUE DILIGENCE Due diligence result, opinion, conclusion; on-going due diligence. Exercise: Due diligence meeting with a hedge fund: roleplay with delegates carrying out the due diligence function. |
||
|
CONTACT US |
|||
 |
Email: info@financialveritas.com Phone: +44 208 133 5917 |
 |
 |
