How can fund selectors really carry out due diligence?

Bespoke questionnaires and RFPs inefficient

When you reflect on your funds' due diligence process, do you or your colleagues ever question how robust it is? Independent consultant Eric Dickinson asks.

Do you ask all the right questions in the right way? Are they framed in a clear concise and unambiguous way? Are they complete and up-to-date? Are there things missing that you need to know about? Or, following a meeting with a fund manager, do you ever wonder on reflection whether you received an answer to the question you actually asked? If you do, then the chances are that you are not alone. Despite many firms having existing due diligence processes and close relationships with the fund managers, they recognise the need to significantly improve the levels of due diligence they perf...