The Alternative Investment Management Association (AIMA) has produced a new set of illustrative due diligence questionnaires (DDQs) for use by those investing in or servicing the hedge fund industry.
The questionnaires are used during the selection of managers and service providers. They offer guidance when selecting:
- Hedge Fund Managers
- CTAs/Managed Futures Managers
- Fund of Hedge Funds Managers
- Prime Brokers
- Fund Administration for Manager
- Fund Administration for Investors.
The questionnaires are available only to members and institutional investors on AIMA's confidential database, at no charge. They are designed to be flexible and allow users to add or delete questions to suit their individual circumstances.
Commenting on the DDQs, AIMA Director Florence Lombard said, 'AIMA and its members are committed to improving transparency and building on sound practices. These enhanced questionnaires offer investors and managers detailed guidance on the types of questions to be asked during the due diligence process. AIMA first released questionnaires in 1997 and revises them every few years to reflect the changes in the industry.'