[August 18, 2017] |
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Castle Hall Recognized as Best Global Operational Due Diligence Firm for the Fourth Consecutive Year
Castle Hall, the Due Diligence Company, is pleased to announce that the
firm has been recognized as the Best Global Operational Due Diligence
firm for the fourth consecutive year in the Wealth and Finance
International Alternative Investment Awards.
"I am enormously proud of our team's progress" said Chris Addy, Castle
Hall's CEO. "Everyone at Castle Hall is committed, every day, to working
with our clients to generate consistent, evidenced and auditable due
diligence information. Our team has more than doubled in barely two
years: it is wonderful to see the efforts of my colleagues, old and new,
recognized by Wealth and Finance International."
Key milestones over the past year include the integration of
SwissAnalytics into the Castle Hall platform and the launch of
RiskDiligence. This new service integrates the SwissAnalytics Ramses
quantitative tools and broader risk due diligence capabilities within
Castle Hall's online diligence platform, DueDiligenceProfessional.
Concurrent with Castle Hall's recognition as Best Global ODD Firm,
Wealth and Finance also selected DueDiligenceProfessional as the
industry's Best Alternative Investment Diligence Platform.
"Castle Hall's ongoing success is based around four key factors" said
Addy.
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Multi Asset Class. Investors now recognize that operational due
diligence should be performed with respect to all external asset
manager relationships and not restricted solely to hedge funds. The
expansion of ODD across asset classes has increased Castle Hall's
diligence footprint significantly; unlike asset class consultants
(hedge fund, PE, infrastructure etc.) Castle Hall provides a
cnsistent due diligence solution, irrespective of strategy.
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Ongoing Monitoring. Traditional ODD focused on a schedule of in
person diligence meetings, repeated every 1-3 years. Diligence has
evolved: the foundation of an effective ODD program is now an active,
real time monitoring program, where the onsite visit is just one
component of a far broader toolbox of diligence procedures.
OpsMonitor,
Castle Hall's due diligence monitoring platform, now aggregates more
than 1,000 fund entities and accounts across hedge funds, private
equity, real estate, infrastructure and traditional long only asset
management.
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Fintech. 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.
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Investment Consultant - or Governance, Risk and Compliance? The
legacy model where an investment advisor or consultant also offered
operational due diligence is being re-evaluated by many large
allocators. Investors are increasingly conscious that effective due
diligence requires a clear segregation of duties between the
advocacy role of the traditional investment consultant - engaged
to generate performance through fund selection and portfolio
construction - and the governance, risk and compliance function
of operational due diligence.
Castle Hall does not recommend
investments or build portfolios. As such, Castle Hall clients access
an uncompromised diligence solution, with clear segregation of duties
between front office decision making and the separate governance, risk
and compliance diligence workflow.
About Castle Hall Alternatives
Castle Hall Alternatives helps global institutional investors, fund of
funds, advisors, family offices and endowments identify and manage the
business, operational, cyber and investment risks of asset managers.
With a team of more than 50 professionals, Castle Hall deploys one of
the industry's largest and most experienced due diligence teams. Castle
Hall's core competitive advantage is DueDiligenceProfessional, the
firm's proprietary online diligence platform, which has helped clients
review diligence across several thousand fund entities. Castle Hall has
offices in Montreal and Halifax Canada; Zurich Switzerland; Abu Dhabi
UAE; and Sydney Australia. More information is available at www.castlehallalternatives.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170818005541/en/
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