Sun, Jan 20, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Merger of two operational due diligence firms

Friday, January 11, 2019
Opalesque Industry Update - Operational Due Diligence (ODD) specialist firms HedgeAssist LLC and Catalina Partners LLC combined forces on January 1, 2019 to further enhance their ODD offerings to investors in, and managers of, alternative investment funds.

The combined firms' professionals Arne Rovell, Patricia Watters, and Michelle Kline provide a unique breadth of operational knowledge, legal and audit expertise, and investigative skills gained over their 64 years of combined industry experience.

According to Rovell, "Gaps in an investment manager's operational processes and third-party oversight translates into operational risk. Our services help investors couple their investment risk analysis with our ODD process in order to better assess total risk. We also offer gap analysis services to managers to better equip them for institutional ODD reviews and best practice implementation."

Addressing the decision to join forces, Watters added, "In the ten years since Catalina Partners launched, we've seen increasing demand from institutional investors and regulators to assess and resolve business risks. Partnering with HedgeAssist brings together a specialized set of legal, finance, and accounting skills to evaluate best business practices for alternative investment firms and to allow investors to make fully informed decisions."

The combined resources will operate under the HedgeAssist umbrella. The firm specializes in assessing all major types of business risk, including operations, counterparty, compliance, and service provider practices for the relatively opaque private investment industry.

The firm's goal is to provide clients increased assurance of the operational soundness of their business decisions.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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. Gundlach's Forecast for 2019[more]

    Jeffrey Gundlach said that 2019 will mark the start of a period when bond markets must recon with the rising federal deficit. In his most passionate comments ever on this topic, he said the exploding national debt and liabilities involving pension funds, state and local government governments and So

  2. Institutional Investors: Texas Teachers allocates $1.9bn to 12 strategies, $53.6bn LGPS asset pool readies double global equity launch, The rise of co-investment SPVs for institutional investors, Wisconsin commits $500m to alternatives[more]

    Texas Teachers allocates $1.9bn to 12 strategies From PIonline.com: Texas Teachers Retirement System, Austin, committed a total of $1.871 billion to 12 private market investment strategies managed by existing managers, a transaction report showed. The biggest move by investment officers o

  3. News Briefs: The Jeff Bezos divorce: $136bn and Amazon in the middle, Bridgewater Associates partners with consulting firm, Cyprus no longer Mediterranean haven for Russian businesses, Goldman Sachs on course to launch cash management in mid-2020[more]

    The Jeff Bezos divorce: $136bn and Amazon in the middle From Mint: The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination -- how will they split his giant fortune, estimated at $136 billion? And what wi

  4. Institutional Investors: Institutional investors plot large property allocations, Qatar Investment Authority aims to reach $45bn in U.S. investments, Louisiana Teachers assigns $200m, SoftBank move to slash WeWork investment sends shockwaves[more]

    Institutional investors plot large property allocations From FT: Institutional investors plan to make large allocations to property in 2019, taking them closer to their desired targets. At least €72.4bn of new capital is expected to flow into real estate this year, according to a

  5. Legal: Attorney sues after Tampa hedge fund goes under, Hedge funds showing increased interest in litigation claims, Argentina sued again by hedge fund on bonds tied to GDP growth[more]

    Attorney sues after Tampa hedge fund goes under A Tampa hedge fund company may be in legal trouble after the firm that was holding its money was sued by a lawyer who claimed "gross negligence" caused the fund to lose tens of millions of dollars. James Cordier, the head of optionseller