Comments on: What Quality Due Diligence Looks Like

By: Barnum

Barnum — Fri, 02 Jan 2009 15:57:36 +0000

I came across this new book in CFA magazine. Good no-nonsense guide to hedge fund due diligence:

Hedge Fund Operational Due Diligence: Understanding the Risks (Jason Scharfman)

http://www.amazon.com/Hedge-Fund-Operational-Diligence-Understanding/dp/0470372346/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1228748933&sr=8-1

By: Strattie

Strattie — Sun, 21 Dec 2008 22:46:27 +0000

Fuck! All this time I’ve been busting my ass doing due diligence right and everyone been busting on me. So suck it! Where is your Berniefund now bitches?! You can’t smell crappola when it’s right in front of your nose!

By: Mr Juggles

Mr Juggles — Fri, 19 Dec 2008 19:02:48 +0000

Just responding to this exchange that I saw on DB

“2 Posted by guest, Dec 19, 2008 12:03PM

At least credit longorshortcapital, they had it up yesterday.
3 Posted by guest, Dec 19, 2008 12:05PM

hahaha… Spitzer was fucked in the ass by Madoff… The Spitzer clan had a bad weekends at Bernies…
4 Posted by guest, Dec 19, 2008 12:07PM

@2- people still read that site”

I thought it was pretty amusing.

By: JCauto

JCauto — Fri, 19 Dec 2008 17:53:27 +0000

@ 6

“Analizing” the returns is an apt euphamism for what happened to Madoff’s clients.

@ Juggles

YES! When you actually update with quality posts, like you have been lately. We miss you when yuo’re away…:(

By: Mr Juggles

Mr Juggles — Fri, 19 Dec 2008 17:49:22 +0000

Do people really still read this site?

By: Anal_yst

Anal_yst — Fri, 19 Dec 2008 14:39:08 +0000

But they don’t teach due diligence at Midwest Minnesota Southeast Coasta University of the South Law School!

(or HBS, but I digress)

By: Mr Juggles

Mr Juggles — Fri, 19 Dec 2008 13:16:40 +0000

But your proxy or you OUGHT do things like check the auditor of the manager as one example. In this case, due diligence by the proxies was negligent and should have stopped it in the bud. Ask someone who does DD like the first poster — this should have been a no-brainer no.

By: HF

HF — Fri, 19 Dec 2008 12:30:11 +0000

I belive that the great majority of due deligence that is made by Investors is just a waste of time: you analize the returns the manager sends to you, you call the contacts he lists, you read the information he mails you…

By: Platinumfinger

Platinumfinger — Fri, 19 Dec 2008 01:38:05 +0000

Yeah FFG has an awesome Due Diigence cost only 7,500,000,000 USD with the Madoff thing

By: john haskell

john haskell — Fri, 19 Dec 2008 00:06:43 +0000

stop it, stop it, I’m going to crack a rib!

By: Atticus Flinch

Atticus Flinch — Thu, 18 Dec 2008 23:04:24 +0000

Elegantly designed circle-jerk

By: american bandersnatch

american bandersnatch — Thu, 18 Dec 2008 22:30:06 +0000

Good due diligence is highly symmetrical.

By: Drinky McDiligence

Drinky McDiligence — Thu, 18 Dec 2008 22:16:20 +0000

This is what drunken due diligence is all about.