Institutional Investors Come Calling With New Due Diligence Checklist For Operations

By Alan J. Andreini, Brencourt Advisors -- Ten years ago, a hedge fund’s stellar track record would overshadow investors’ worries about the fund’s everyday operations. Those days are gone. Today, all hedge fund managers who seek the large and stable institutional allocations must understand what it takes to assemble and operate an infrastructure that will pass examination under today’s new operational due diligence microscope.