Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

97% of fund managers say they get at least one custom DDQs from investors

Wednesday, September 15, 2021
Opalesque Industry Update - DiligenceVault, a digital diligence platform that delivers data collection and information exchange solutions for asset owners, allocators and fund managers, released its latest whitepaper entitled "2021 Manager Survey: How RFPs and DDQs Get Done."

The paper presents the results of its survey of fund managers that explores how marketing, investor relations and compliance professionals are optimizing their staffing, processes and technologies to meet the due diligence needs of the allocator community.

The primary areas of focus for the survey are centered around Investor Requests and Team Sizes, Consultant vs Third-Party Database Engagement, Industry Standard and Custom Questionnaires and dedicated RFP/DDQ Technology. Points of interest from the survey include:

• 97% of managers state they get at least one custom DDQs from investors

• 60% of respondents mentioned PRI's Limited Partners' Responsible Investment Due Diligence questionnaire is an industry standard DDQ that they are asked to submit

• 40% of managers with AUM between $10bn - $50bn use a dedicated RFP/DDQ technology to respond to investor requests. 64% of managers with AUM between $50bn - $100bn and 71% with AUM over $100bn do the same

• On average, 32% of allocators will accept a pre-filled, industry standard DDQ

• Nearly 60% of allocators send a custom DDQ to managers for them to fill out

• 12% of managers with AUM between $1bn to $10bn receive between 100-500 RFPs/DDQs requests a year. That number jumps significantly, though, to 40% for managers in the $10bn to $50bn AUM range.

Monel Amin, Founder and CEO of DiligenceVault, commented: "As both allocators and fund managers continue to look for efficiencies across their organizations, the manager research and due diligence process is also benefiting from advancements in technology. With the increasing deluge of information requests from the investor community, fund managers have begun to recognize that better tools are needed to optimize their communication with investors to win new business. DiligenceVault has developed an industry-leading set of solutions for fund managers to help them better organize their content, track information requests, collaborate across the organization, and respond to investors quicker and easier."

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1