Outsourced Ops Due Diligence? Really?

July 2009

"... bolster our capabilities as we will be able to perform some functions in house, such as Operational Due Diligence, which were previously run through an outsourced service provider."

This simply underscores the inefficiencies of the Hedge Fund of Funds industry pre-Madoff and the apparent lack of operational due diligence for many firms. The good news is that the industry has upgraded this area since 2009.