Alternative Investment Awards 2016

www.wealthandfinance-intl.com 23 3. REAL TIME MONITORING, NOT SNAPSHOT REPORTS Traditional ODD has focused on a schedule of in person diligence meetings, with the output of each ODD cycle often limited to a report memorializing information gathered during each meeting. This process is then repeated every 1-3 years. Diligence 3.0 introduces a new operating model: the foundation of an effective ODD program is now an active, real time monitoring program, where the annual onsite visit and resulting diligence report is just one tool in a far broader toolbox of diligence procedures. 4. FINTECH Just as hedge fund managers no longer use Excel for accounting, ODD no longer relies on word processed meeting reports. Technology has be- come critical to process ever increasing amounts of public and private information. Systems, bandwidth to curate data, and quality reporting and dashboard capabilities are vital to give asset owners an effective view of portfolio risks. Due Diligence: Solved. DiligenceProfessional, Castle Hall’s proprietary online diligence solution, is a risk-management platform for operational due diligence. Chris Addy, Castle Hall President & CEO, states, “It is truly an honour to re- ceive the ‘Best Alternative Investment Diligence Platform: DiligencePro- fessional’ award this year, on the back of winning ‘Best New Approach to Operational Due Diligence’ in 2015. These awards highlight that the DiligenceProfessional platform delivers value-added solutions to meet the evolving ODD challenges faced by allocators.” The guiding principle of DiligenceProfessional is flexibility. Providing a powerful set of diligence tools, DiligenceProfessional allows investors to outsource their diligence program in full, co-source a program with Castle Hall in combination with internal diligence, risk and compliance professionals, or simply use Castle Hall’s services on an “as needed” basis. DiligenceProfessional tools can be applied to any fund or investment vehicle, and across all asset classes, from hedge funds to private equity to real estate and long only mandates. “Castle Hall is delighted to receive the ‘Best Global Due Diligence Firm’ award for the third consecutive year,” says Anne Coady, Managing Director of Castle Hall. “This accolade reinforces our commitment to building an innovative, transparent and cost-effective operational due diligence solution that responds to each client’s unique needs.” Echo Bell, Castle Hall Director - IT, adds, “These achievements are also a testament to our growing team and ongoing investment to refine and enhance our technology and service delivery.” Looking Ahead Earlier this year, Caslte Hall launched DUE DILIGENCE UNIVERSITY™ - a growing ecosystem of white papers, online tools and other educa- tional resources to support every aspect of the due diligence process. The firm’s inaugural DDU white paper, “Evaluating an Asset Manager’s Cybersecurity Environment: a guide for the operational due diligence practitioner”, and related webinar, will be followed by additional materi- als, resources, white papers and webinars in the months ahead. Moving forward, the firm expects to continue to grow its team and evolve its capacity and service offerings to meet the needs of institution- al and private allocators globally. In the coming year the plan is to roll out our newly remodeled client platform with enhanced features and capabilities, delivering additional analytical metrics along with improved operational risk management and due diligence efficiencies to our clients. The company also expects to launch several innovative and specialised due diligence solutions in response to the changing and expanding needs of institutional investors. These are indeed, exciting times for Castle Hall Alternatives. The firm is grateful to its clients for partnering with Castle Hall to meet their specific operational due diligence and monitoring needs, and the Alternative Investment Awards for their recognition of the company’s work.