Virtual due diligence of money managers is the new norm, for now (FundFire)

Due diligence of money managers by investment consultants is being tweaked to accommodate a now necessary off-site, remote process. Achieving an effective and comprehensive review during the pandemic has required shifting to a virtual process that now includes video conferencing, expanded document reviews, secure data sharing and more reference and background checks. Amy Lynch, FrontLine’s Founder and President, cautions that there are more confidentiality considerations when not being physically present to conduct a due diligence review. Ms. Lynch comments that document sharing in a virtual way requires a non-disclosure agreement to be in place from the start since documents are not being reviewed and handed back like they would be in a traditional, in-person office setting. See FundFire (subscription required), “Meketa Going ‘Fully Remote’ on Manager Due Diligence