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Preparing for a Hedge Fund Operational Due Diligence onsite meeting – Masters Level – NYC (February 5-6, 2019)

In Person
2 Days
English
Advanced

February 5-6, 2019 – NYC

Class begins with lectures and hands-on review of fund documents and materials. The students will work in groups to dissect and evaluate offering documents, regulatory filings, and marketing material in addition to reviewing due diligence questionnaires and fund management information in order to be properly prepared to conduct an onsite due diligence meeting.

 

This class is a component of the Hedge Fund Operational Due Diligence Master’s Level Certificate

 

Prerequisite knowledge:

  • A deep and thorough background in the financial markets and securities
  • A complete understanding of financial products including; hedge funds, private equity and separate account platforms
  • Strong knowledge and experience working with financial statements
  • Knowledge and understanding of investment strategies

 

Preparing for an initial ODD onsite meeting (Day 1)

Module 1 – Documents to be collected and reviewed prior to an Onsite Meeting

  • A Deep Dive into a fund’s PPM and IMA
  • Review and Verification of all “Mems & Arts” documentation
  • Understanding the Pros and Cons of the Fund’s Structure
  • Digging into background checks and critical employee attrition
  • Compiling the list of initial Follow up and Flagged items
  • Case Studies

 

Module 2 – Breaking down a fund’s DDQ

  • Disassembling a fund’s DDQ responses
  • What did the Fund fail to include in their DDQ?
  • Are the fund’s service providers consistent with their Strategy?
  • What do the fund’s counterparties tell us about the fund’s operations?
  • Triangulating between DDQ and additional documentation (PPM, Marketing Materials, Operations Manual, Compliance Policies etc.)
  • Conducting LP reference checks and verifications
  • Flagged items for review
  • Case Studies

 

Preparing for an initial ODD onsite meeting (Day 2)

Recap Day One Q&A session

 

Module 3 – Review and Verification of Compliance and Regulatory Matters

  • A review of various tools available for compliance reviews
  • Form ADV Part 1A, Part 2A and 2B – Identifying Red Flags and non-disclosed matters
  • Critical target areas to assess an RIA’s regulatory and compliance program
  • Conducting a Background Search (Registered entities, political contributions, registered reps)
  • Foreign Regulatory search tools
  • Case Studies

 

Module 4 – Audited Financials Review and Verification

  • Breaking down a fund’s AFS
  • Consistency on Expenses between the AFS, the PPM, and the IMA
  • Comparing the AFS to Administrator’s Transparency Reports
  • ASC 820, leveling and valuation overview
  • Red Flags
  • Case Studies

Desk-Ready Skills

  • Development of sound operational due diligence policies and procedures
  • The ability to evaluate all aspects of an investment manager’s operations and infrastructure
  • Understanding fund structures and domiciles
  • Reading and understanding fund documents and financial statements
  • How to evaluate compliance procedures at an investment manager
  • Implementing a blueprint for operational due diligence policies and procedures.
  • Ongoing monitoring of fund managers
  • Understand portfolio manager valuation practices

Recommended for:

  • Institutional Investors
  • Pension/Retirement Funds
  • Mutual Funds
  • Foundations & Endowments
  • Family Offices
  • Pension plan consultants

As well as:

  • Managers: Hedge funds, Fund of Funds, all alternative investment managers
  • Due diligence consultants, valuation consultants, background checking firms, prime brokers
  • Advisors, sub-advisors

 

Details

Start:
February 5, 2019
End:
February 6, 2019
Cost:
$2195
Event Category:

Venue

New York – Offices of Herrick, Feinstein, LLP
2 Park Avenue
New York, NY 10016 United States
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Tickets

15 available
Preparing for a Hedge Fund Operational Due Diligence onsite meeting - Masters Level - NYC (November 14-15, 2018)$2,195.00

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SCHEDULE

February 5, 2019 - February 6, 2019

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