The Investment Management Due Diligence Association (IMDDA), an investor-based organisation dedicated to the professionals who perform investment and operational due diligence programmes, is offering its members preferred access to the Convergence database of operational due diligence tools and analytics.
“IMDDA members can now access Convergence’s database to perform critical due diligence research in a comprehensive, efficient and timely fashion,” says Andrew Borowiec (pictured), Executive Director of the IMDDA. “This is another example of how the IMDDA is defining, developing, and implementing global due diligence best practices with our CDDA professional credentialing, webinars, articles and research tools.”
For IMDDA members, Convergence will deliver meaningful, timely and insightful data and analytics to operational due diligence professionals allowing them to quickly examine different aspects of advisors’ business models and assess and monitor operating risk. Convergence’s algorithms create business profiles for thousands of advisors and service providers seeking to uncover infrastructure and regulatory filing ‘signals’ that a due diligence professional should be aware of and discussing with the advisor. This is combined with ‘predictive analytics’ that will identify advisors with high risk attributes that should be explored.
“Convergence is excited to share its proprietary, data-driven insights into the challenging issues facing due diligence professionals globally,” says Convergence Co-Founder John Phinney.
“We believe in the IMDDA’s mission and look forward to working together,” says Convergence Co-Founder George Evans. “Due diligence professionals across the globe are ready to embrace the type of education and training available through the IMDDA combined with our content.”
The Convergence database contains full profile data on 37,000 advisors conducting business in 67 countries and the 150,000 public and private funds they manage. Data is collected, curated, and enriched daily with proprietary algorithms that produce key “insights”.
