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Trinity: Managers need to verify who the investors are

Friday, October 19, 2012
Opalesque Industry Update - Trinity Fund Administration, the boutique Dublin-based fund administrator, issued the latest in a series of articles on corporate governance: Investor Due Diligence in Alternative Investment (part 4)

In an industry where reputation is one of the most highly valued assets that anyone can possess, due diligence is imperative in the world of alternative investment. A reputation is maintained through track records and achievements, but also, and perhaps more importantly, through the stringent monitoring of those who are associated with said track records and achievements.

This article expands upon the necessity of investor due diligence, which is carried out by investment funds on prospective investors prior to their admittance as shareholders of the fund. As part of anti-money laundering (AML) and counter terrorism financing (CTF) legislation in most jurisdictions, directors of a fund are faced with a regulatory obligation to verify who the investors are, and that they do not pose a threat to the legitimacy of the fund.

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