The
fact sheet comprises all significant information on an institutional fund and
its asset management as a summary to be used in a direct comparison with other
funds.
Contents
- Fund data
- Organisation
- Employees
- Allocation
- Investment strategy
- Performance: track record
- Strengths/weaknesses
The
questionnaire for investment evaluation comprises over hundred structured
questions for the institutional asset managers. A further review will only be
carried out if the questionnaire is answered in detail.
Contents
- Organisational structure
- Corporate strategy
- Asset management
- Investment strategy
- Investment processes
- Investment performance
- Current investors
The
management interview is a summary of personal meetings with members of the
institutional fund management. The main purpose of the meetings is to check the
plausibility of the answers entered in the questionnaire used for investment
evaluation.
Contents
- Investment strategy
- Risk management and risk management
systems
- Inspection of the current investments
- Inspection of the investment possibilities
The
fact book comprises a presentation, review and evaluation of the core
components of the institutional funds in question from the point of view of an
investor. All commercial factors which influence significantly the profit to be
expected and/or the fund risk are defined within the scope of this fact book.
Contents
- Investment strategy
- Organisational structure of the asset
manager function
- Personnel structure
- Track record
- Investment processes
- Fund structure
- Deal pipeline
The
commissioned external expert opinion deals with the legal and tax aspects to be
considered in connection with a possible investment.
Contents
- Fund structure
- Financing structure
- Cost structure and
- Remuneration structure
- Double taxation agreement
- Potential tax risk
- Possible conflicts of interest
- Investor's possibilities of influence
On the basis of the results
of the due diligence analysis a direct recommendation is made for the investment.
Contents
- Filtering the fund universe
- Due diligence analysis
- Portfolio effects (e.g. effects at the
fund of fund level)
- Reasoning behind the recommendation