Sat, Sep 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Due Diligence Exchange goes live offering forensic-style due diligence reports at substantial cost savings

Friday, October 04, 2013
Opalesque Industry Update - HFDDX has launched an innovative platform that provides new and experienced investors both forensic-style due diligence reports and a substantial cost saving. The first exchange of its kind, HFDDX’s launch coincides with a resurgence of interest in hedge fund investments and an abundance of caution on the part of investors. HFDDX meets this demand by offering members a web-based marketplace to anonymously match their needs with others. When two or more members seek due diligence on the same fund, costs can be reduced by one-half to two-thirds, encouraging cost-conscious investors to avoid cutting corners or forego the in-depth review they need to make informed investment decisions.

“Investors benefit by getting the highest quality due diligence, while being able to defray some of the expense; investment managers will benefit by saving review time; and the industry will benefit by increasing best practices,” said Robert Krause, Managing Principal.

“The key principals have deep experience and a thorough process. I think this new model is a game-changer. It is a way to maintain high standards and yet reduce the cost associated with custom work,” said Henry Watkinson from Headstart Advisers in London . He added, “As more investors jump on the platform, the number of matches increases and the costs decrease.”

The Hedge Fund Due Diligence Exchange has been formed by a team of seasoned industry executives with experience in due diligence, alternative asset management, funds of f?unds, government regulation, volatility, derivatives, investment banking, and many other key financial disciplines. Investors have relied on the quality and integrity of their independent process — and the more than 1,000 reports they have collectively produced — for over a decade. The team’s goal is to provide the most comprehensive report in the industry, using a matching engine that allows members with same-fund needs to anonymously share the cost. The Hedge Fund Due Diligence Exchange can be found at www.hfddx.com.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Thank you Damien, I have fixed the link: http://www.hfddx.com Matthias Knab |   October 05, 2013 10:24:06 AM
the link to the HFDDX website is broken, missing ":" before http Damien Ducourty |   October 05, 2013 09:33:17 AM
sorry before "//" after "http" Damien Ducourty |   October 05, 2013 09:35:15 AM
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New Detroit-based CTA seeks to take advantage of coming volatility[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging manager has just set up his one-man shop in the city of Detroit. Synchronicity Futures,

  2. Opalesque Exclusive: When the SEC calls, fund managers need to get out of their own way[more]

    Bailey McCann, Opalesque New York: New pressure is hitting alternative investment funds from all angles. So far this month both hedge fund and private equity players have seen enforcement actions, and subsequent fines over fees, disclosures, and misleading statements. Citi one of the biggest

  3. Fortress hedge fund manager David Dredge says markets trouble on the way[more]

    From AFR.com: David Dredge of global hedge fund Fortress has built a career studying, predicting and protecting against the world's major financial crises. The recent convulsions in global sharemarkets are "just the beginning" of a painful adjustment as money drains from the emerging market economie

  4. North America - Puerto Rico agency plans talks with hedge fund creditors[more]

    From WSJ.com: Puerto Rico’s Government Development Bank is planning to begin confidential debt-restructuring talks with hedge funds that own its bonds as early as next week, said a person familiar with the matter. The parties are set to discuss a plan under which the investors would lend additional

  5. Launches - BlackRock’s McKenna starts hedge fund with $270m, Ex-BlueBay fund managers Phillips, Fayman to launch hedge fund in 2016, Dallas lawyer, Wall Street-savvy doctor team up to form biotech-focused hedge fund[more]

    BlackRock’s McKenna starts hedge fund with $270m From Bloomberg.com: BlackRock Inc. has started an event-driven hedge fund one year after hiring Harvard Management Co.’s Mark McKenna to run the strategy. Global Event Partners, which seeks to profit from corporate events such as takeovers

 

banner