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.