I know it when I see it. That’s what people say when they can’t describe what they instinctively see, or otherwise understand.
Back in the day, while I was still performing due diligence reviews as part of my job, I found that a lot of people in the industry thought that there was a magic formula for evaluating a subadvisor or fund. It was viewed as a bit of a secret, that perhaps nobody else knew. And yet, my work was actually more of a scientific exercise in performing basic research, mixed with the art of “knowing it when I see it.”
The following are 7 tips for your firm’s next due diligence review.Read More