The committee meets weekly to review all new and updated due diligence information. Only managers who successfully pass the scrutiny of the Due Diligence Committee will appear in CSFB direct 's Managed Accounts Program. By participating in the Managed Accounts Program, managers are expected to comply with a regular process for updating key information. We monitor each manager's performance, dispersion of returns, allocations, cash positions, restrictions, and style. The data is compared to benchmarks and indices to evaluate relative performance.
Interviews occur on a regular basis to obtain portfolio updates.
Underperforming managers are placed on Watch Lists, which entail additional scrutiny and due diligence by analysts. A structured, proactive process is used when recommending a manager's removal from the Managed Accounts Program.