Due Diligence and Manager Selection:

 

While no system is absolutely foolproof, virtually all investment fund frauds and implosions in recent memory could have been foreseen and avoided through proper due diligence.  We take great pride in hearing time and again from investment managers that the quality of our up-front and ongoing due diligence is second-to-none, and that our screening process is the toughest they encounter.  A manager is evaluated not merely against their benchmarks and peers, but in the context of their utility to our client portfolios.  That is, a certain fund may be “good”, but if it does not bring specific desired attributes, such as hedging out a particular risk, providing a particular return stream, or access to a specific asset class, it will not be included in our portfolios.  We are not in the business of investing in unproven stories or ideas; we invest with managers that have proven themselves adept at running their strategy and businesses over time.  In researching a manager, we give greater weight to the question “What if we’re wrong?” than “What if we’re right?”  
 
 

n the recent past, we have conducted either preliminary or advanced due diligence on, and/or met with, the following firms, among others:
 
Acernis
Acorn
Agilith
AIP
Algonquin
Alignvest
Alpha North
APQ
Arrow Hedge
Artemis
Aston Hill
Aurion
Auspice
Balter
BEST
Blackheath
Blackrock
Bloom Burton
BloombergSen
Bridging
Bristol Gate
Canoe
Canso
CC&L
Cortland
CQI
Crystalline
Curvature
Difference
Donville Kent
East Coast
East West
Edgehill
Edgepoint
Entrust
Epic
Everkey
Fiera
Forge First
Formula Growth
Front Four
Front Street
Fulcra
Genuity
GFI
GLG
Gluskin Sheff
GoldenTree
Goodwood
Greenlight
HCP
HGC
Inflection
Infusion Global Partners
ISAM
JC Clark
JM Fund Management
K2
Kensington
KFL
King & Victoria
Kootenay
Lakeview
Lawrence Park
Lightwater
Lionscrest
MAN AHL
Marret
Maxam
Medina Singh
MMCap
Morrison Laurier
Mountain Fowler
NewGen
Niagara Capital
Norrep
One Financial
Palos
PCJ
Pender
Peregrine
Pershing Square
Picton Mahoney
PIMCO
Pinetree
Polar
Portland
Purpose
Radin Capital
Ravens Rock
Rayne Capital
RCM Partners
Red Sky
Redstone
Redwood
Resolute
ROI
Romspen
Ross Smith
RP Investment Advisors
Russell Investments
Salida
SciVest
Sentry
SevenOaks
SG Capital
Sherpa
Silvercove
Silvercreek
Spartan
Sprott
Standard Life
Sterling Financial G
Sterling Funds
Stonecastle
Stratigis
Summerhill Ventures
SW8
Swiss Financial
Tailwind
Theta
Timbercreek
Timelo
Trez
Triumph
Turtle Creek
Vantage
Venator
Vertex
Vision
Waratah
Wave Front
Wealhouse
Wealth Simple
West Face
Winton Futures
Wise Capital
Wolverine
York Capital
YTM