SEC Staff Offers Roadmap for Alternative Investment Due Diligence Processes

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The SEC believes that investment advisers, including pension consultants, are increasingly recommending that their clients invest a portion of their portfolios in private alternative investment funds. In light of that trend, the SEC’s OCIE National Exam Program (NEP) staff recently published a Risk Alert addressing due diligence processes related to selecting alternative investments and their managers.

The OCIE staff recognizes that due diligence of alternative investments can be more challenging in light of the characteristics and complexity of certain alternative strategies. The Risk Alert sheds some light on the staff’s views of “best practices” for such due diligence and related compliance programs. Investment advisers might also glean some insight into the examination staff’s focus in upcoming visits.

Please see full alert below for more information.

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Topics:  Compliance, Due Diligence, Investors, OCIE, Risk Management, SEC

Published In: Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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