This white paper emphasises the importance of putting fund managers through a rigorous selection process. Choosing the wrong fund manager could result in principal loss, unnecessary lock up of capital, low tax efficiency for an investment strategy, a bad reputation, regulatory action, or even civil and criminal liability. Family offices have a fiduciary duty to complete due diligence on fund managers and select them with care. In this report, we will share some of the insights we have gained through dozens of interviews with family office executives and chief investment officers on how they go about selecting a fund manager.
