We also identify managers through referrals from our business partners. Next, we screen and eliminate managers who have inadequate credentials. This step may include an initial interview with the manager, if necessary. Managers who meet our criteria from step 2 must complete a 38-page questionnaire requiring more than 400 detailed responses. Analysts then review key factors such as style adherence, performance dispersion, consistency, experience of key professionals, and historical and projected asset growth.
Additional analysis occurs for tax-sensitive managers.
This step frequently entails in-depth manager interviews. Due Diligence Committee. We retain an independent third party to complete the due diligence process. They compile the data for steps 1 through 3, and then use a committee comprised of their senior professionals to review the due diligence findings. The committee meets weekly to review all new and updated due diligence information.