Castle Hall publishes white paper on Wirecard's lessons for asset management due diligence
Castle Hall, the Due Diligence Company, today published a timely white paper outlining four key observations from the failure of Wirecard AG, the high profile German fintech payment services company. Wirecard filed for insolvency on June 25, three days after the firm's CEO, Markus Braun, was arrested on suspicion of false accounting and market manipulation.
"The implosion of Wirecard has the potential to become one of the most stunning corporate failures in recent years," said Chris Addy, Castle Hall's CEO. "Our team has identified four themes from the Wirecard debacle which are relevant to the asset management industry. As investors conduct due diligence, be it on hedge funds, private equity, real estate, infrastructure or long only funds, Wirecard provides valuable insights which can be applied to our own industry."
The white paper can be downloaded at www.castlehalldiligence.com/white-papers, and discusses:
About Castle Hall
Castle Hall Diligence helps investors worldwide manage the operational, ESG, cyber and investment risks of asset managers. Castle Hall's core competitive advantage is DiligenceHub, the firm's proprietary online diligence platform, which has helped clients review diligence across several thousand fund entities. More information is available at www.castlehalldiligence.com, where investors, asset managers and service providers can create a free DiligenceExpress account to immediately leverage the capabilities of Castle Hall's online due diligence tools.
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