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Alternative Market Briefing

Chris Addy notes great progress in hedge fund transparency

Wednesday, June 03, 2015

Komfie Manalo, Opalesque Asia:

Chris Addy, president and CEO of Castle Hall Alternatives, a global due diligence service firm, on Tuesday said there had been great progress in the hedge fund industry, especially on the issue of transparency and better management, over the past 20 years.

Commenting during an AIMA Canada event in Toronto, Addy said, "When I first encountered a hedge fund in 1994…it was opaque and difficult to understand, and oftentimes had poor risk management and poor operational management," according to Advisor.ca.

He added that the industry is now more transparent, and operational due diligence more efficient.

But Addy warned there are still major red flags that investors must watch out for when evaluating a fund, according to the report. The two most important ones are: (1) conflicts of interest, especially when they are not properly disclosed; and (2) poor valuation procedures, particularly where you’re dealing with illiquid assets.

Castle Hall Alternatives launched in April the OpsMonitor due diligence platform. Features include daily media monitoring, a comprehensive process to identify......................

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