Wed, Nov 26, 2014
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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to