Competition among managers for capital in the alternative
investment sector has never been greater. Similarly, as fund
service providers vie for business in a crowded market place, it is
important for firms to stand out from the crowd, writes Paul
Bannier of Icorserv, on behalf of the Guernsey Investment
Fund Association.
One way in which they can do that is to consider their responses
to the ever-increasing number of due diligence requests.
In the case of fund managers, the primary focus is often on
investment due diligence and demonstrating to potential investors
that the firm has the resources, expertise and track record to
deliver positive returns to investors in a variety of market
conditions. However, an essential part of the process for
attracting more business, whether it be investment capital or, in
the case of fund service providers, securing new administration or
custody mandates, is operational due diligence (ODD). In its
broadest sense in the context
