Alternative Investment Awards 2018

2018 Alternative Investment Awards 9 traditional hedge fund. Different diligence procedures should be adopted to reflect different asset classes. Additionally, 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. Finally, the exploration of new fintech is vital to operational due diligence. Just as hedge fund managers no longer use Excel for accounting, ODD no longer relies on word processed meeting reports. Technology has become 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. Implementing aspects of all these vital areas, DueDiligenceProfessional™, Castle Hall’s proprietary online diligence solution, is a risk-management platform for operational due diligence. The guiding principle of DueDiligenceProfessional™ is flexibility. Providing a powerful set of diligence tools, DueDiligenceProfessional™ 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. DueDiligenceProfessional™ tools can be applied to any fund or investment vehicle, and across all asset classes, from hedge funds to private equity and private debt, real estate or infrastructure, and long only mandates. Overall, 2017 was a year of continued growth and accomplishment for Castle Hall, with further enhancement to the DueDiligenceProfessional™ platform, with new advancements scheduled for roll-out in mid-2018. Moving forward, the firm expects to continue to grow its team and evolve its capacity and service offerings to meet the needs of institutional and private allocators globally, including a new service focused on assessment of the ESG characteristics of 3rd party asset managers. 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. FIN17005