Caveat Emptor - The Elusive Definition of Hedge Fund Due Diligence

GAIM Cayman speaker, Jason Scharfman, Corgentum Consulting, LLC writes in a recent article
concerning the term due diligence and its frequent use within hedge fund vernacular. Scharfman writes, yet the exact definition in practice seems quite elusive. One need only examine a cross section of due diligence providers to see that a wide range of services are classified, sometimes misleadingly so, by this term. So what exactly are investors buying when they purchase hedge fund due diligence services?

• Is it background investigation work?
• How about compliance reviews?
• What about investment strategy reviews?
• Is it a review of operational risks?

For a full overview of his thoughts, visit his original article here.